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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 Copyright 1997 Western Economic Association International.

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
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    1. N. Gregory Mankiw & David Romer & David N. Weil, 1992. "A Contribution to the Empirics of Economic Growth," The Quarterly Journal of Economics, Oxford University Press, vol. 107(2), pages 407-437.
    2. Edwin Mansfield, 1986. "Patents and Innovation: An Empirical Study," Management Science, INFORMS, vol. 32(2), pages 173-181, February.
    3. Alison Butler, 1990. "The trade-related aspects of intellectual property rights: what is at stake?," Review, Federal Reserve Bank of St. Louis, issue Nov, pages 34-46.
    4. Michael Ferrantino, 1993. "The effect of intellectual property rights on international trade and investment," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 129(2), pages 300-331, June.
    5. Torstensson, Johan, 1994. "Property Rights and Economic Growth: An Empirical Study," Kyklos, Wiley Blackwell, vol. 47(2), pages 231-247.
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