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Innovation, Intellectual Property Rights, and Economic Development: A Unified Empirical Investigation

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  • Hudson, John
  • Minea, Alexandru

Abstract

Two important strands of literature investigate the way the effect of intellectual property rights (IPR) on innovation depends on either the initial IPR level or the level of economic development. We expand on this by studying their joint effect, in a single, unified, empirical framework. We find that the effect of IPR on innovation is more complex than previously thought, displaying important nonlinearities depending on the initial levels of both IPR and per capita GDP. The policy implications of this are examined and include the conclusion that a single global level of IPR is in general sub-optimal.

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Bibliographic Info

Article provided by Elsevier in its journal World Development.

Volume (Year): 46 (2013)
Issue (Month): C ()
Pages: 66-78

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Handle: RePEc:eee:wdevel:v:46:y:2013:i:c:p:66-78

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Web page: http://www.elsevier.com/locate/worlddev

Related research

Keywords: intellectual property rights; innovation; economic development; nonlinearities;

References

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Cited by:
  1. Alexandru MINEA & Youssouf KIENDREBEOGO, 2012. "Financial Factors and Manufacturing Exports:Theory and Firm-level Evidence From Egypt," Working Papers 201221, CERDI.
  2. Spielman, David J. & Ma, Xingliang, 2014. "Intellectual property rights, technology diffusion, and agricultural development: Cross-country evidence:," IFPRI discussion papers 1345, International Food Policy Research Institute (IFPRI).

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