| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP8433 |
| DP8433 Legal Institutions, Innovation and Growth | |
| Luca Anderlini; Leonardo Felli; Giovanni Immordino; Alessandro Riboni | |
| 发表日期 | 2011-06-13 |
| 出版年 | 2011 |
| 语种 | 英语 |
| 摘要 | We analyze the relationship between legal institutions, innovation and growth. We compare a rigid (law set ex-ante) legal system and a flexible one (law set after observing current technology). The flexible system dominates in terms of welfare, amount of innovation and output growth at intermediate stages of technological development ? periods when legal change is needed. The rigid system is preferable at early stages of technological development, when (lack of) commitment problems are severe. For mature technologies the two legal systems are equivalent. We find that rigid legal systems may induce excessive (greater than first-best) R&D investment and output growth. |
| 主题 | Industrial Organization |
| 关键词 | Commitment Flexibility Growth Innovation Legal system |
| URL | https://cepr.org/publications/dp8433 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/537296 |
| 推荐引用方式 GB/T 7714 | Luca Anderlini,Leonardo Felli,Giovanni Immordino,et al. DP8433 Legal Institutions, Innovation and Growth. 2011. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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