ENDOGENOUS GROWTH AND INTELLECTUAL PROPERTY RIGHTS: A NORTH-SOUTH MODELLING PROPOSAL WITH POPULATION

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.