Do Patent Rights Regimes Matter?
The paper asks whether exports are affected by importers' patent rights regimes using a gravity trade equation. US export data to 71 countries from 1970 to 1992 are used. A two-way random-effects panel indicates that patent rights regimes per se do not matter; they matter with importing countries' imitative abilities. For a country with an "average" imitative ability, US R&D-intensive exports increase by 4-9% for a unit increase in the patent rights index; a unit increase in the patent rights index leads to a drop in US non-R&D-intensive exports by about 8-11%. Copyright Blackwell Publishing Ltd 2004.
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Volume (Year): 12 (2004)
Issue (Month): 3 (08)
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