How does intellectual property right influence economic growth? Different tales of 30 developed countries and 9 developing countries
by Xingle Long
International Journal of Innovation and Sustainable Development (IJISD), Vol. 7, No. 1, 2013

Abstract: This paper analyses how IPRs influence economic growth by use of 39 countries' panel data from 1981 to 2007. The econometric methods include pooled Ordinary Least Squares (OLS) analysis, rolling-windows and recursive analysis and Arellano-Bond dynamic panel data regression. The study findings are as follows: R&D plays a positive impact upon economic development, especially after 1986. Furthermore IPRs play significant role for economic growth. Without proper IPRs, the function of R&D cannot be played efficiently. IPRs tend to play more significant role upon economic growth in 9 Newly-rising Industrial Countries than that in 30 OECD developed countries. IPRs of 9 developing countries are converging with that of 30 OECD developed countries.

Online publication date: Thu, 14-Feb-2013

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