nep-ipr New Economics Papers
on Intellectual Property Rights
Issue of 2022‒09‒05
two papers chosen by
Giovanni Ramello
Università degli Studi del Piemonte Orientale “Amedeo Avogadro”

  1. Patent term extensions and commercialization lags in the pharmaceutical industry: A growth-theoretic analysis By Hu, Mei-Ying; Lu, You-Xun; Lai, Ching-Chong
  2. The Impact of Digitalization and Patent on Economic Growth in Romania By Bakari, Sayef

  1. By: Hu, Mei-Ying; Lu, You-Xun; Lai, Ching-Chong
    Abstract: Due to the lags in commercialization, the effective life of a patent is generally less than its statutory term. We introduce commercialization lags into the Schumpeterian growth model and explore the effects of patent term extensions on pharmaceutical R&D and social welfare. Our results show that extending patent terms stimulates the consumption of homogeneous goods but generates an ambiguous effect on the consumption of pharmaceuticals. When patent extensions have an inverted-U effect on social welfare, the optimal patent extension increases with the length of commercialization lags but decreases with the input intensity of commercialization lags. Finally, we calibrate the model and find that increasing patent breadth reduces the optimal patent extension.
    Keywords: commercialization lags; patent term extensions; pharmaceutical R&D; economic growth; social welfare
    JEL: I11 L65 O31 O34
    Date: 2022–07–28
  2. By: Bakari, Sayef
    Abstract: The study aims to investigate the impact of patent and digitalization on economic growth in Romania. Our data was retrieved from the World Development Indicators database (World Bank 2021) from the period 1990-2020. Empirical fundings indicated that digitalization and patent have a positive effect on economic growth. From these perspectives, the Romanian authorities should take seriously the patent and the potential of digitalization which can help the economy to be modernized, diversified, and robust to create new jobs and to find new markets and new strategic partners, and new opportunities.
    Keywords: Digitalization; Patent; Economic Growth; Romania.
    JEL: O31 O32 O34 O38 O47
    Date: 2022

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