Discussion Paper No.1102

Title:Private Defense of Intellectual Properties and Economic Growth
Authors:Taro Akiyama, Yuichi Furukawa, and Makoto Yano


This paper investigates the private defense of intellectual properties in a standard North-South endogenous growth model in which R&D activities are endogenized. It identifies two major factors determining whether or not private defense activities contribute to economic growth: (i) The relative cost between private defense and innovation and (ii) the strength of intellectual property laws in the South.