In Support of the TRIPS Agreement

In Support of the TRIPS Agreement

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 libera...

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Bibliographic Details
Main Authors: JAKOBSSON, Amanda, Segerstrom, Paul S.
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2012
Subjects:
Multinational Firms
North-South Trade
Intellectual Property Rights
Foreign Direct Investment
Product Cycles
Economic Growth
Economics
Intellectual Property Law
International Economics
Online Access:https://ink.library.smu.edu.sg/soe_research/1573
https://ink.library.smu.edu.sg/context/soe_research/article/2572/viewcontent/JakobssonSegerstrom_2012.pdf
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Institution: Singapore Management University
Language: English
Description
Summary: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.

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