Intellectual Property Rights, Institutional Quality and Economic Growth

Intellectual Property Rights and Economic Growth

I study the role of intellectual property rights (IPRs) in a model of endogenous growth with sequential innovation. The model mimics the innovation process in hi-tech sectors where many of the techniques and products used in R&D are recent discoveries themselves. Depending on the structure of the patent system, some of these discoveries might still be protected by a patent. In this context IPRs...

Intellectual Property Rights and Economic Development

The Effects of Intellectual Property Rights Violations on Economic Growth

This paper examines the relationship between intellectual property rights (IPRs) and the growth rate of per capita GDP during the period 1996-2006 in a sample 71 countries. Using software piracy data as a proxy for IPR violations, we find that countries with increasing rates of software piracy have lower growth rates. We also find that states with strong commitments to enact policies to protect...

Economic Foundations of Intellectual Property Rights

My work in the economics of innovation began some forty years ago. I realized, as I was beginning my work on the Economics of Information, that knowledge and information are very similar. In fact, you can view information as a particular kind of knowledge, and so the problems that I was analyzing at the time, such as how well the market economy deals with information, corresponded to the questi...

Financial Development , Intellectual Property Rights , and Growth

This paper explores the interaction between long run economic growth, financial development, and intellectual property rights through a general equilibrium, over-lapping generation, infinite horizon, endogenous R&D model with heterogeneous agents. I find that a reduced collateral constraint leads to both an ability to engage more heavily in research and a reduced incentive to engage in research...