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Property Rights and Intellectual Property Protection, GDP growth and Individual Well-Being in Latin America

Author

Listed:
  • Amina A. Lahsen

    (Europa-Universität Flensburg, Internationales Institut für Management, Abteilung Internationale und Institutionelle Ökonomik)

  • Alan Piper

    (Europa-Universität Flensburg, Internationales Institut für Management, Abteilung Internationale und Institutionelle Ökonomik)

Abstract

A central argument for increased protections of property rights (PR) is the role they play in encouraging economic transactions, investment and economic growth. Likewise, the utilitarian justification of intellectual property laws is that such rights promote creative inventions and innovation, and thus can make a nation better off. A further argument is psychological: it has also been argued (though rarely tested) that enhanced rights contribute to increases in well-being enjoyed by a country’s citizens. Many Latin American countries have made efforts to improve property rights (and their enforcement) in the recent past, with varying success. Using three data sources (the Latinobarometer, the World Bank, and the World Economic Forum’s Global Competitive Index), this investigation considers the relationship between property rights and intellectual property protection, economic growth, and individual well-being. The results, which are heterogeneous with respect to labour force status, suggest that policy makers in Latin America should pursue improvements in property rights if they wish to improve citizen well-being while also promoting economic growth.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Amina A. Lahsen & Alan Piper, 2018. "Property Rights and Intellectual Property Protection, GDP growth and Individual Well-Being in Latin America," Discussion Papers 029, Europa-Universität Flensburg, International Institute of Management.
    • Handle: RePEc:fln:wpaper:029
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    Cited by:

    1. Jantsch, Antje & Piper, Alan, 2024. "An investigation into the relationship between town size and well-being in Latin America and the role of education," MPRA Paper 120565, University Library of Munich, Germany.
    2. Christian Rodas, 2024. "It Is Our Turn to Innovate: Innovation as the Engine of Economic Prosperity in South America," Journal of Developing Societies, , vol. 40(2), pages 176-194, June.
    3. Uche, Emmanuel & Ngepah, Nicholas & Onwe, Joshua Chukwuma & Zaman, Umer & Odhiambo, Nicholas M., 2024. "A question for sustainable development goal 10: How relevant is innovation patenting receipts to income distributions?," Technological Forecasting and Social Change, Elsevier, vol. 206(C).
    4. Chenevier, Randall & Piper, Alan T. & Willis, Craig, 2021. "Migration, crime and life satisfaction in Chile: Pre and post-migration evidence," MPRA Paper 106502, University Library of Munich, Germany.
    5. Pengfei Cheng & Mengzhen Wang & Baekryul Choi, 2024. "IPR Protection and Sustainable Economic Growth: Domestic R&D Level and International R&D Trade Cooperation Perspective," Sustainability, MDPI, vol. 16(14), pages 1-16, July.
    6. David G. Blanchflower & Carol L. Graham, 2022. "The Mid-Life Dip in Well-Being: a Critique," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 161(1), pages 287-344, May.

    More about this item

    JEL classification:

    • D23 - Microeconomics - - Production and Organizations - - - Organizational Behavior; Transaction Costs; Property Rights
    • I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being
    • N36 - Economic History - - Labor and Consumers, Demography, Education, Health, Welfare, Income, Wealth, Religion, and Philanthropy - - - Latin America; Caribbean
    • 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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