Title: Intellectual property rights and productivity growth from technology spillover in Thailand: a system dynamics approach
Authors: Pard Teekasap
Addresses: Faculty of Business Administration, Thai-Nichi Institute of Technology, 1771/1 Pattanakarn Road, Suanluang, Bangkok, 10250, Thailand
Abstract: This paper studies the effect of intellectual property rights (IPR) on the productivity and economy of Thailand by using system dynamics modelling approach. The model includes the interaction between technology spillover, productivity, gross domestic products (GDP), foreign direct investment (FDI), employment, and fixed capital investment. The results show that IPR reduces the productivity of Thailand significantly because the technology imitated from foreign firms is banned. The negative effects expand to the GDP and GDP per capita. With lower GDP per capita, Thailand is not an attractive destination for foreign investment. As a result, the volume of FDI is reduced. Therefore, IPR significantly reduces the productivity and economic growth of Thailand.
Keywords: intellectual property rights; IPR; technology spillovers; system dynamics; productivity growth; foreign direct investment; FDI; Thailand; economic policy; emerging economies; modelling; gross domestic products; GDP; employment; fixed capital investment; foreign investment.
International Journal of Economic Policy in Emerging Economies, 2014 Vol.7 No.4, pp.366 - 382
Published online: 29 Dec 2014 *Full-text access for editors Access for subscribers Purchase this article Comment on this article