Du, Ding and Park, Walter G. (2014) How private property protection influences the impact of intellectual property rights on economic growth: Working paper series--14-03. Working Paper. NAU W.A. Franke College of Business.
|
Text
Du_D_etal_2014_FrankeWPS_14-03(1).pdf Download (311kB) | Preview |
Abstract
Although policy makers typically assume a positive relationship between intellectual property rights (IPRs) and economic growth, the empirical evidence on the IPR-growth relationship is rather inconclusive (e.g. Andersen and Konzelmann, 2008). We conjecture in this paper that the weak IPR-growth evidence in previous studies may be due to a neglect of the role of finance markets and private property rights. Our conjecture is motivated by the recent law and finance literature. We test our conjecture with a cross-section of 98 countries and find that once we modify our measure of IPRs to take into account general property rights, there is stronger evidence for a positive relationship between IPRs and economic growth. Our findings not only help explain the IPR-innovation puzzle in Lerner (2009), among others, but also have significant theoretical as well as policy implications.
| Item Type: | Monograph (Working Paper) |
|---|---|
| Publisher’s Statement: | Copyright, where appropriate, is held by the author. |
| ID number or DOI: | 14-03 |
| Keywords: | Working paper, Intellectual property rights, Private Property Protection, Economic Growth, Quantile regression |
| Subjects: | H Social Sciences > HB Economic Theory |
| NAU Depositing Author Academic Status: | Faculty/Staff |
| Department/Unit: | The W.A. Franke College of Business |
| Date Deposited: | 15 Oct 2015 21:40 |
| URI: | http://openknowledge.nau.edu/id/eprint/1460 |
Actions (login required)
 |
IR Staff Record View |
Downloads
Downloads per month over past year