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Financial Reforms, Patent Protection and Knowledge Accumulation in India

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  • Ang, James

Abstract

The main objective of this paper is to explore the impact of financial sector reforms, financial deepening and intellectual property protection on the accumulation of knowledge for one of the world’s largest developing countries. The findings indicate that increased intellectual property rights protection is associated with higher knowledge accumulation. While financial deepening facilitates the accumulation of ideas, the implementation of a series of financial liberalization policies is found to have a non-linear effect. The results show that financial liberalization will exert a beneficial impact on technological deepening only if the financial system is sufficiently liberalized.

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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 17656.

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Date of creation: 2009
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Handle: RePEc:pra:mprapa:17656

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Keywords: financial liberalization; ideas production; endogenous growth; India.;

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Cited by:
  1. Cong Wang, 2013. "Can Institutions explain cross country differences in Innovative Activity?," Development Research Unit Working Paper Series 35-13, Monash University, Department of Economics.

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