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International strengthen of intellectual property rights, and financial markets development

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  • Giuseppe Vita

Abstract

We study the effects of an international increase of the legal protection of Intellectual Property Rights (IPR), on technological progress and the development of financial market. In particular, we demonstrate that the international agreement on Trade-Related aspects of Intellectual Property Rights (TRIPs for short) promote, at the same time, technological progress and stock market capitalization. Copyright Springer Science+Business Media New York 2016

Suggested Citation

  • Giuseppe Vita, 2016. "International strengthen of intellectual property rights, and financial markets development," Journal of Economics and Finance, Springer;Academy of Economics and Finance, vol. 40(1), pages 60-67, January.
    • Handle: RePEc:spr:jecfin:v:40:y:2016:i:1:p:60-67
    DOI: 10.1007/s12197-014-9292-4
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    References listed on IDEAS

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    More about this item

    Keywords

    Financial market development; Ginarte and Park Index; Intellectual property rights protection; Three stage last square; TRIPs agreement; F55; G38;
    All these keywords.

    JEL classification:

    • F55 - International Economics - - International Relations, National Security, and International Political Economy - - - International Institutional Arrangements
    • G38 - Financial Economics - - Corporate Finance and Governance - - - Government Policy and Regulation

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