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Endogenous Growth and Intellectual Property Rights: A North-South Modelling Proposal with Population Ageing

Azevedo, M.L., O. Afonso, S.T. Silva (2017), "Endogenous Growth and Intellectual Property Rights: A North-South Modelling Proposal with Population Ageing", Australian Economic Papers, 56, 72-94.
Abstract:

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 healthcare 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 healthcare sector also increases the steady-state growth rate.