The Impact of Stronger Property Rights in Pharmaceuticals on Innovation in Developed and Developing Countries

Ming Liu and Sumner LaCroix ()
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Sumner LaCroix: Department of Economics, University of Hawaii
Authors registered in the RePEc Author Service: Sumner Jonathan La Croix

No 201116, Working Papers from University of Hawaii at Manoa, Department of Economics

Abstract: An instrumental variable econometric model is specified to investigate how changes in a country’s patent protection for pharmaceutical innovations are related to patent awards from the U.S. Patent and Trademark Office to the country’s applicants. We use a new measure of patent protection for pharmaceutical innovations, the PIPP Index, to account for cross-country variation in pharmaceutical protection. Using GMM and other IV estimators, we find that stronger pharmaceutical patent protection in the applicant’s home country does not increase the number of U.S. pharmaceutical patents awarded to developed and developing country inventors.

Keywords: Patent; pharmaceutical; GMM; instrument; innovation; TRIPS (search for similar items in EconPapers)
JEL-codes: O1 O31 O34 (search for similar items in EconPapers)
Pages: 47 pages
Date: 2011-11-23
New Economics Papers: this item is included in nep-ino, nep-ipr, nep-pr~ and nep-tid
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

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http://www.economics.hawaii.edu/research/workingpapers/WP_11-16.pdf First version, 2011 (application/pdf)

Related works:
Working Paper: The Impact of Stronger Property Rights in Pharmaceuticals on Innovation in Developed and Developing Countries (2014)
Working Paper: The Impact of Stronger Property Rights in Pharmaceuticals on Innovation in Developed and Developing Countries (2014)
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