Endogenous growth and intellectual property rights: A north south modelling proposal with population ageing

• Autor(a) principal: Azevedo, Mónica
• Data de Publicação: 2017
• Outros Autores: Afonso, Óscar, Silva, Sandra T.
• Tipo de documento: Artigo
• Idioma: eng
• Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
• Texto Completo: http://hdl.handle.net/11328/1902; https://doi.org/10.1111/1467-8454.12075
• topic: North-South model; Economic growth; Health-care sector; Population ageing; Intellectual Property Rights (IPR)

This paper studies the effect of Intellectual Property Rights (IPR) on economic growth, in the light of population ageing, i.e., in a more realistic context. The analysis is motivated by the implications of population ageing on economic growth. Moreover, this study analyses this relationship in a North-South framework where there is a health-care sector. We conclude that population ageing has no impact on the sign of the IPR effect on economic growth. However, it positively affects the steady-state growth rate. Finally, under some conditions, the presence of the health-care sector also increases the steady-state growth rate.