| Popis: |
In this paper we study the economic implications of IPR protection on corporate intelligence, R&D investment and economic growth. To accomplish this objective, we present a dynamic, scale-invariant Schumpeterian model of growth with information gathering and analyze the steady-state e¤ects of introducing stronger protection for …rms con…dential information. In doing so, we introduce the trade secret into a standard quality-ladder growth model and study the long-run implications of improving the privacy of …rms’data. We …nd that reducing the set of practices of information gathering is more e¤ective in protecting …rms’privacy than strengthening trade secret. |
