Intellectual Property Regimes, Innovative Capabilities, and Patenting in Korea
نویسنده
چکیده
In this paper, we empirically investigate whether and to what extent major changes in IPR contributed to subsequent upgrading of innovative capabilities and patenting in Korea. We found that major IPR changes in Korea in the 1980s led to the big increase in patenting, thereby supporting the “friendly court” hypothesis. Especially, the trend of substance patent applications by local residents seems to suggest that the IPR change in Korea encouraged local firms to focus more on developing innovative capabilities and patenting more actively. Based on the Korean experience, we offer an insight into the recent debate on the relationship between IPR and economic development in developing countries.
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