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Intellectual Property Rights And Economic Growth

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  • WALTER G. PARK
  • JUAN CARLOS GINARTE

Abstract

This paper studies the relationship between intellectual property rights (IPRs) and economic growth for a cross‐section of countries for the period 1960–1990. The analysis focuses on effects of IPRs on growth using a quantitative index of IPRs. The paper finds that IPRs affect economic growth indirectly by stimulating the accumulation of factor inputs like R&D and physical capital. The positive effects of IPRs on factor accumulation, particularly of R&D capital, are present even when the analysis controls for a more general measure of property rights

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  • Walter G. Park & Juan Carlos Ginarte, 1997. "Intellectual Property Rights And Economic Growth," Contemporary Economic Policy, Western Economic Association International, vol. 15(3), pages 51-61, July.
    • Handle: RePEc:bla:coecpo:v:15:y:1997:i:3:p:51-61
    DOI: 10.1111/j.1465-7287.1997.tb00477.x
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    References listed on IDEAS

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    1. Johan Torstensson, 1994. "Property Rights and Economic Growth: An Empirical Study," Kyklos, Wiley Blackwell, vol. 47(2), pages 231-247, May.
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    3. Barro, Robert J. & Lee, Jong-Wha, 1994. "Sources of economic growth," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 40(1), pages 1-46, June.
    4. Edwin Mansfield, 1986. "Patents and Innovation: An Empirical Study," Management Science, INFORMS, vol. 32(2), pages 173-181, February.
    5. Alison Butler, 1990. "The trade-related aspects of intellectual property rights: what is at stake?," Review, Federal Reserve Bank of St. Louis, issue Nov, pages 34-46.
    6. Jeffrey D. Sachs & Andrew Warner, 1995. "Economic Reform and the Process of Global Integration," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 26(1, 25th A), pages 1-118.
    7. Michael Ferrantino, 1993. "The effect of intellectual property rights on international trade and investment," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 129(2), pages 300-331, June.
    8. Torstensson, Johan, 1994. "Property Rights and Economic Growth: An Empirical Study," Kyklos, Wiley Blackwell, vol. 47(2), pages 231-247.
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