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Intellectual property rights and innovation around the world: evidence from panel data
Geistige Eigentumsrechte und Innovation rund um die Welt: Aussagen von Panel-Daten
[working paper]
Corporate Editor
Deutsches Institut für Wirtschaftsforschung (DIW Berlin)
Abstract "This article contributes to the literature on innovation and development by identifying the determinants of innovation, and the role of intellectual property rights, in industrialized and developing countries. Controlling for sample selection, I find that, in general, the level of intellectual prop... view more
"This article contributes to the literature on innovation and development by identifying the determinants of innovation, and the role of intellectual property rights, in industrialized and developing countries. Controlling for sample selection, I find that, in general, the level of intellectual property protection and a country's technological capital stock are positively related to research and development investments, while openness to trade has a negative effect. I also find the determinants of innovation to be different for industrialized and developing countries. This is supported by endogeneity tests showing that intellectual property protection is endogenous in industrialized countries, but not in developing countries. However, in both sub-samples, research and development investments Granger-cause intellectual property protection levels, whereas surprisingly, intellectual property protection does not Granger-cause research and development investments." (author's abstract)... view less
Keywords
intellectual property; industrial nation; innovation; right of ownership; investment; human capital; research and development; legal protection; developing country; technology
Classification
National Economy
Sociology of Science, Sociology of Technology, Research on Science and Technology
Method
empirical; quantitative empirical
Document language
English
Publication Year
2007
City
Berlin
Page/Pages
IV,29 p.
Series
DIW Diskussionspapiere, 696
Licence
Deposit Licence - No Redistribution, No Modifications
Data providerThis metadata entry was indexed by the Special Subject Collection Social Sciences, USB Cologne