PHYSICS 102 Lecture Notes - Lecture 31: Trips Agreement, Utility Model, Pharmaceutical Industry
Document Summary
Chapter 12. 1 12. 5: macroeconomics issues and policies. Trips = agreement on trade-related aspects of intellectual property rights: macroeconomic evidence on iprs and economic growth, r&d and innovation play a central role in economic growth, but what is the impact of. Issue that the impact on firm-level and economy is different. Impact of iprs could differ between countries: park and ginarte: look at the impact of iprs on economic growth and found out that. The first 4 dimensions are assessed using 3 criteria: whether a utility model is available in the country, whether pharma products are covered, whether chemicals are covered. It assesses the prevailing laws, but not the enforcement measurement errors. In countries without patent laws: innovation was concentrated in industries where secrecy was effective (textiles, food processing, watch-makers: otherwise: concentration on machinery, trips. Differential impacts of trips: trips are expected to increase market power for innovating firms, which will increase prices and hence reduce trade volumes.
