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Yang, G., & Maskus, K. E., (2001). “Intellectual Property Rights, Licensing, and Innovation in an Endogenous Product-Cycle Modelâ€, Journal of International Economics, 53, pp. 169-187. The Association of African Young Economist (AAYE) is a not-for-profit, non-partisan organization with the vision of a future for Africa where policy decisions emanate from rigorous scientific evidence by Africans and fellows for the welfare of Africans and partners. The AAYE RP WPS is double blind peer reviewed and indexed at IDEAS REPEC, SSRN and ACADEMIA. Head Quarter: Bastos, PO BOX: 959, Yaounde – CMR; Site web: www.aaye.org; Email: info@aaye.org; Tel.:+237 22 11 03 58. Declaration receipt number: 005/RDA/F35/SAAJP. Association of African Young Economists Association des Jeunes Economistes Africains www.aaye.org