TY - JOUR
T1 - Innovation, intellectual property rights, and economic development: a unified empirical investigation
AU - Hudson, John
AU - Minnea, Alexandru
PY - 2013/6
Y1 - 2013/6
N2 - Two important strands of literature investigate the way the effect of intellectual property rights (IPR) on innovation depends on either the initial IPR level or the level of economic development. We expand on this by studying their joint effect, in a single, unified, empirical framework. We find that the effect of IPR on innovation is more complex than previously thought, displaying important nonlinearities depending on the initial levels of both IPR and per capita GDP. The policy implications of this are examined and include the conclusion that a single global level of IPR is in general sub-optimal.
AB - Two important strands of literature investigate the way the effect of intellectual property rights (IPR) on innovation depends on either the initial IPR level or the level of economic development. We expand on this by studying their joint effect, in a single, unified, empirical framework. We find that the effect of IPR on innovation is more complex than previously thought, displaying important nonlinearities depending on the initial levels of both IPR and per capita GDP. The policy implications of this are examined and include the conclusion that a single global level of IPR is in general sub-optimal.
UR - http://www.scopus.com/inward/record.url?scp=84876446532&partnerID=8YFLogxK
UR - http://dx.doi.org/10.1016/j.worlddev.2013.01.023
U2 - 10.1016/j.worlddev.2013.01.023
DO - 10.1016/j.worlddev.2013.01.023
M3 - Article
SN - 0305-750X
VL - 46
SP - 66
EP - 78
JO - World Development
JF - World Development
ER -
