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Patent, Utility Model, and Economic Growth

In: Innovation, Catch-up and Sustainable Development

Author

Listed:
  • Gokay Canberk Bulus

    (Aksaray University)

  • Ibrahim Bakirtas

    (Aksaray University)

Abstract

The main purpose of this study is to examine the impact of patent rights and utility model on both economic growth and firm performance. The research hypothesis is tested using the Generalized Method of Moments (GMM) technique. Empirical findings imply that the impact of intellectual property rights protection on economic growth depends upon the level of development. While patent protection positively effect on economic growth for developed countries, utility model protection positively effect on economic growth for developing countries. Using Turkish firm-level data as a case study, analysis results show that patent protection and utility model do not contribute to firm performance in Turkey.

Suggested Citation

  • Gokay Canberk Bulus & Ibrahim Bakirtas, 2021. "Patent, Utility Model, and Economic Growth," Economic Complexity and Evolution, in: Andreas Pyka & Keun Lee (ed.), Innovation, Catch-up and Sustainable Development, pages 309-335, Springer.
    • Handle: RePEc:spr:eccchp:978-3-030-84931-3_13
    DOI: 10.1007/978-3-030-84931-3_13
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    More about this item

    Keywords

    Patent; Utility model; Intellectual property rights; Economic growth;
    All these keywords.

    JEL classification:

    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O34 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Intellectual Property and Intellectual Capital
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
    • O57 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries

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