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Intellectual property rights and innovation: A panel analysis

Papageorgiadis, Nikolaos
; 
Sharma, Abhijit
Publication Date
2016-04
End of Embargo
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Keywords
Innovation, Intellectual property rights, Patent strength, Patent enforcement
Rights
© 2016 Elsevier B.V. Reproduced in accordance with the publisher's selfarchiving policy. This manuscript version is made available under the CC-BY-NC-ND 4.0 license(http://creativecommons.org/licenses/by-nc-nd/4.0/)
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Yes
Open Access status
openAccess
Accepted for publication
07/01/2016
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Management and Law Publications
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Abstract
We investigate the relationship between intellectual property rights (IPR) and innovation, for a panel of 48 countries between 1998-2011. Prior empirical studies mainly focus on strength of patent regulations largely ignoring the enforcement of such laws in practice. We employ a new index that accounts for the enforcement related component of the patent system and the Ginarte and Park (1997) index of patent regulatory strength. We thus include two crucial elements of a national patent system, the de jure position relating to book law and IPR regulations, and the de facto position relating to IPR enforcement. We consider nonlinearities between IPR and innovation, and we find that both nonlinearities and the enforcement aspect are significant in explaining the relationship between innovation and IPR systems.
URI
http://hdl.handle.net/10454/8308
Version
Accepted manuscript
Citation
Papageorgiadis N and Sharma A (2016) Intellectual property rights and innovation: a panel analysis. Economics Letters. 141: 70-72.
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Link to Version of Record
https://doi.org/10.1016/j.econlet.2016.01.003
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Article
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