Trading Cultural Goods in the Era of Digital Piracy
The issue of digital piracy as violation of intellectual property rights is a hot button among many governments around the world. Until now, nor legislation or its enforcement have managed to keep up with the most recent technologies facilitating piracy. Piracy rates may significantly affect both internal demand and international trade of cultural goods. This paper aims to empirically assess the effect of digital piracy on bilateral trade in cultural goods. We focus on trade in music and media. Analysing an 11-year panel of 25 countries, we find that piracy does affect negatively bilateral trade, although to a varying extent.
|Date of creation:||Oct 2009|
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