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Intellectual Property Rights and Innovation in Developing Countries: Evidence from Panel Data

  • Leger, Andreanne

The determinants of innovation and the role of intellectual property rights in different countries are not well understood. This paper estimates the determinants of innovation using a new panel dataset. It compares different panel estimation methods appropriate for finite size samples. Past R&D investments have a positive and significant impact on current innovation, demand-pull factors are also important in all country groups, and the structure of the economy has a negative (positive) impact in developing (industrialized) countries. Intellectual property protection is only significant for developing countries. The least-square dummy variable corrected estimator is found to be the most appropriate for small, unbalanced datasets. We discuss econometric issues and the policy implication of these results.

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File URL: http://purl.umn.edu/21407
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Paper provided by American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association) in its series 2006 Annual meeting, July 23-26, Long Beach, CA with number 21407.

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Date of creation: 2006
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Handle: RePEc:ags:aaea06:21407
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