Determinants of high-royalty contracts and the impact of stronger protection of intellectual property rights in Japan
AbstractThis paper first reviews how Japan has strengthened the protection of intellectual property rights (IPRs), focusing on the expansion of the patentable subject matter, the restriction of the possibility of compulsory licensing, stronger deterrence against infringement and the introduction of the doctrine of equivalents. Second, based on the statistical analysis of sector-level panel data, it shows that (1)R&D intensity of domestic industry, trademark licensing, cross-licensing and, to a smaller degree, monopoly provisions are the significant determinants of the incidence of high-royalty contracts, and (2)Stronger protection of intellectual property rights looks to have increased the incidence of high-royalty contracts in the latter part of 1990s in the Japanese industries for which patent is important for appropriability.
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Bibliographic InfoArticle provided by Elsevier in its journal Journal of the Japanese and International Economies.
Volume (Year): 19 (2005)
Issue (Month): 2 (June)
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Web page: http://www.elsevier.com/locate/inca/622903
Other versions of this item:
- Sadao Nagaoka, 2004. "Determinants of high-royalty contracts and the impact of stronger protection of intellectual property rights in Japan," Hi-Stat Discussion Paper Series d04-60, Institute of Economic Research, Hitotsubashi University.
- F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
- O34 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Intellectual Property and Intellectual Capital
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