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Full-Text Articles in Social and Behavioral Sciences
In Support Of The Trips Agreement, Amanda Jakobsson, Paul S. Segerstrom
In Support Of The Trips Agreement, Amanda Jakobsson, Paul S. Segerstrom
Research Collection School Of Economics
This paper challenges the conventional wisdom that the TRIPs agreement is bad for developing countries. We present a dynamic general equilibrium model of North-South trade that allows us to study the implications of stronger intellectual property rights (IPR) protection and simultaneous trade liberalization. In our model, stronger IPR protection in the South (TRIPs) leads to more innovation in the North, more technology transfer to the South and higher long-run southern consumer welfare. The South also benefits from trade liberalization but the welfare gains from TRIPs are considerably larger.
Bank Credit And Economic Growth: A Dynamic Panel Analysis, Nuno Carlos Leitão
Bank Credit And Economic Growth: A Dynamic Panel Analysis, Nuno Carlos Leitão
Nuno Carlos Leitão
This study examines the link between bank lending and economic growth for European Union (EU-27) for the period 1990 to 2010. We apply a dynamic panel data (GMM-system estimator). This estimator permits to solve the problems of serial correlation, heteroskedasticity and endogeneity for some explanatory variables. As the results show, savings promotes growth. The inflation and bank credit have a negative impact on economic growth as previous studies.