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Protection of Intellectual Property and its Economic Aspects

Author

Listed:
  • Lenka Pelegrinova

    (VUB Leasing, a.s.)

  • Martin Lacny

    (Institute of Political Sciences, Faculty of Arts, University of Presov)

Abstract

Intellectual property as assets in intangible form is classified in most countries under the definitions of the TRIPS Agreement and PCT according to the manner of its protection. This article presents results of an analysis of relationship between the protection of intellectual property rights at certain globalization level and verification of their influence on economic indicators in the selected countries of the research sample – 32 countries of a similar intellectual property protection system under the PCT. An examination of the level of globalization as a quantitative marker was enabled by the KOF Index of Globalization. The time and cross-sectional data enabled to test 352 objections by applying a non-parametric statistical method – panel data regression with the effect of random cross-sectional variables. The conclusions show that there is a statistically significant probability of the relation between the quantity of registered patents and the level of gross domestic product, gross domestic product per capita and adjusted net national income.

Suggested Citation

  • Lenka Pelegrinova & Martin Lacny, 2016. "Protection of Intellectual Property and its Economic Aspects," Journal of Economic Development, Environment and People, Alliance of Central-Eastern European Universities, vol. 5(3), pages 5-20, September.
    • Handle: RePEc:sph:rjedep:v:5:y:2016:i:3:p:5-20
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    References listed on IDEAS

    as
    1. Olga Slivko & Bernd Theilen, 2014. "Innovation or imitation? The effect of spillovers and competitive pressure on firms’ R&D strategy choice," Journal of Economics, Springer, vol. 112(3), pages 253-282, July.
    2. Archibugi, Daniele & Filippetti, Andrea, 2010. "The globalisation of intellectual property rights: four learned lessons and four theses," MPRA Paper 21930, University Library of Munich, Germany.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Intellectual property protection; Patent Cooperation Treaty; KOF Index of Globalization; panel data.;
    All these keywords.

    JEL classification:

    • F40 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - General
    • K20 - Law and Economics - - Regulation and Business Law - - - General
    • O34 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Intellectual Property and Intellectual Capital

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