Title: How does intellectual property right influence economic growth? Different tales of 30 developed countries and 9 developing countries

Authors: Xingle Long

Addresses: Intellectual Property Research Center of Jiangsu Province, Jiangsu University, Zhenjiang 212013, China

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.

Keywords: R&D; research and development; innovation; intellectual property rights; developed countries; developing countries; IPR; economic growth; econometrics; economic development.

DOI: 10.1504/IJISD.2013.052123

International Journal of Innovation and Sustainable Development, 2013 Vol.7 No.1, pp.77 - 90

Received: 29 Nov 2011
Accepted: 19 Aug 2012

Published online: 14 Feb 2013 *

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