D0E29 L11 - D0E29 - Theory of Economic Growth Lecture 11...

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Unformatted text preview: D0E29 - Theory of Economic Growth Lecture 11 Spring term 2008 Anna Salomons A. Salomons ( CES, KU Leuven) D0E29 L11 1 / 34 Today&s class Guidelines for the assignment Introduction to the topic Growth ¡ Intellectual Property Rights Summary of "Intellectual Property Rights and Economic Growth" ) readings: Intellectual Property Rights and Economic Growth A. Salomons ( CES, KU Leuven) D0E29 L11 2 / 34 Guidelines for the assignment A. Salomons ( CES, KU Leuven) D0E29 L11 3 / 34 Guidelines Write alone, or in groups of max. 4 students. Max. length: 3 pages single-spaced. Counts as 20% of your &nal grade. Structure: Start with a one paragraph summary of the article. Then sum up the main weaknesses you perceive (major comments &rst, minor comments second). Also, when possible, suggest solutions to the weaknesses you mention. Lastly, sum up your opinion on the article. Note: it is better to &nd two or three important weaknesses and convincingly explain why these matter rather than list a myriad of minor comments. A. Salomons ( CES, KU Leuven) D0E29 L11 4 / 34 Guidelines Think of your audience as an editor of an important journal in the &eld of economic growth: she wants to know what changes need to be made by the authors before the article can be published. Your comments would also be passed on to the article¡s authors, so apart from highlighting the article¡s main weaknesses, try to suggest how the authors can improve their paper. Although not necessary, the use of other sources is allowed. Neglecting to cite those sources results in a 0 grade. Deadline: email reviews to anna.salomons@econ.kuleuven.be by May 23rd . Failing to hand in a review in time will result in a 0 grade. A. Salomons ( CES, KU Leuven) D0E29 L11 5 / 34 Introduction A. Salomons ( CES, KU Leuven) D0E29 L11 6 / 34 Introduction Empirical interest in intellectual property rights (IPRs) has been revived by: New growth theory , pioneered by Paul Romer and others, since this emphasizes that IPRs are a condition for economic growth. The WTO&s TRIPS agreement , which requires a certain minimum of IPR protection in WTO countries. Economists do research about the e/ect of TRIPS on growth in both developed and developing economies. Falvey, Foster and Greenaway (2006) explore the hypothesis that e/ects of IPR on growth may not be uniform across countries of di/erent levels of development. A. Salomons ( CES, KU Leuven) D0E29 L11 7 ¡ 34 Summary of "Intellectual Property Rights and Economic Growth" A. Salomons ( CES, KU Leuven) D0E29 L11 8 / 34 Research question Falvey, Foster and Greenaway&s research question is: What is the impact of stronger IPR protection on growth? A. Salomons ( CES, KU Leuven) D0E29 L11 9 / 34 Theoretical framework Technology can be acquired through a range of channels: innovation, licensing, trade, FDI, imitation, piracy....
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D0E29 L11 - D0E29 - Theory of Economic Growth Lecture 11...

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