IDEAS home Printed from https://ideas.repec.org/a/taf/glecrv/v44y2015i1p1-30.html
   My bibliography  Save this article

How Private Property Protection Influences the Impact of Intellectual Property Rights on Economic Growth?

Author

Listed:
  • Jihong Zhang
  • Ding Du
  • Walter G. Park

Abstract

Although policy-makers typically assume a positive relationship between intellectual property rights (IPRs) and economic growth, the empirical evidence on the IPR-growth relationship is rather inconclusive. We conjecture in this paper that the weak IPR-growth evidence in previous studies may be due to a neglect of the role of finance markets and private property rights. Our conjecture is motivated by the recent law-and-finance literature. We test our conjecture with a cross-section of 98 countries and find that once we modify our measure of IPRs to take into account general property rights, there is stronger evidence for a positive relationship between IPRs and economic growth. Our findings not only help explain the IPR-innovation puzzle but also have significant theoretical as well as policy implications.

Suggested Citation

  • Jihong Zhang & Ding Du & Walter G. Park, 2015. "How Private Property Protection Influences the Impact of Intellectual Property Rights on Economic Growth?," Global Economic Review, Taylor & Francis Journals, vol. 44(1), pages 1-30, March.
  • Handle: RePEc:taf:glecrv:v:44:y:2015:i:1:p:1-30
    DOI: 10.1080/1226508X.2014.961093
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/1226508X.2014.961093
    Download Restriction: Access to full text is restricted to subscribers.

    File URL: https://libkey.io/10.1080/1226508X.2014.961093?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Mindaugas Kiškis & Tadas Limba & Gintarė Gulevičiūtė, 2016. "Business value of Intellectual Property in Biotech SMEs: case studies of Lithuanian and Arizona’s (US) firms," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 4(2), pages 221-234, December.
    2. Neves, Pedro Cunha & Afonso, Oscar & Silva, Diana & Sochirca, Elena, 2021. "The link between intellectual property rights, innovation, and growth: A meta-analysis," Economic Modelling, Elsevier, vol. 97(C), pages 196-209.
    3. Pamela J. Smith & Sebastian J. Anti, 2022. "How does TRIPs compliance affect the economic growth of developing countries? Application of the Synthetic Control method," The World Economy, Wiley Blackwell, vol. 45(12), pages 3873-3906, December.
    4. Viglioni, Marco Túlio Dinali & Calegario, Cristina Lelis Leal & Aveline, Carlos Eduardo Stefaniak & Ferreira, Manuel Portugal & Borini, Felipe Mendes & Bruhn, Nádia Campos Pereira, 2023. "Effects of intellectual property rights on innovation and economic activity: A non-linear perspective from Latin America," Structural Change and Economic Dynamics, Elsevier, vol. 67(C), pages 359-371.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:glecrv:v:44:y:2015:i:1:p:1-30. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/RGER20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.