Intellectual Property Rights and Innovation in Developing Countries: Evidence from Panel Data
AbstractThe determinants of innovation and the role of intellectual property rights in different countries are not well understood. This paper estimates the determinants of innovation using a new panel dataset. It compares different panel estimation methods appropriate for finite size samples. Past R&D investments have a positive and significant impact on current innovation, demand-pull factors are also important in all country groups, and the structure of the economy has a negative (positive) impact in developing (industrialized) countries. Intellectual property protection is only significant for developing countries. The least-square dummy variable corrected estimator is found to be the most appropriate for small, unbalanced datasets. We discuss econometric issues and the policy implication of these results.
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Bibliographic InfoPaper provided by American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association) in its series 2006 Annual meeting, July 23-26, Long Beach, CA with number 21407.
Date of creation: 2006
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Other versions of this item:
- Léger, Andréanne, 2006. "Intellectual Property Rights and Innovation in Developing Countries: Evidence from Panel Data," Proceedings of the German Development Economics Conference, Berlin 2006 17, Verein für Socialpolitik, Research Committee Development Economics.
- Leger, Andreanne, 2006. "Intellectual Property Rights and Innovation in Developing Countries: Evidence from Panel Data," 2006 Annual Meeting, August 12-18, 2006, Queensland, Australia 25328, International Association of Agricultural Economists.
- O30 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - General
- O34 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Intellectual Property and Intellectual Capital
- C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
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