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Intellectual Property Rights And Economic Growth

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  • WALTER G. PARK
  • JUAN CARLOS GINARTE

Abstract

This paper studies the relationship between intellectual property rights (IPRs) and economic growth for a cross‐section of countries for the period 1960–1990. The analysis focuses on effects of IPRs on growth using a quantitative index of IPRs. The paper finds that IPRs affect economic growth indirectly by stimulating the accumulation of factor inputs like R&D and physical capital. The positive effects of IPRs on factor accumulation, particularly of R&D capital, are present even when the analysis controls for a more general measure of property rights

Suggested Citation

  • Walter G. Park & Juan Carlos Ginarte, 1997. "Intellectual Property Rights And Economic Growth," Contemporary Economic Policy, Western Economic Association International, vol. 15(3), pages 51-61, July.
    • Handle: RePEc:bla:coecpo:v:15:y:1997:i:3:p:51-61
    DOI: 10.1111/j.1465-7287.1997.tb00477.x
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