Financial Reforms, Patent Protection and Knowledge Accumulation in India

James B. Ang ()

MPRA Paper from University Library of Munich, Germany

Abstract: The main objective of this paper is to explore the impact of financial sector reforms, financial deepening and intellectual property protection on the accumulation of knowledge for one of the world’s largest developing countries. The findings indicate that increased intellectual property rights protection is associated with higher knowledge accumulation. While financial deepening facilitates the accumulation of ideas, the implementation of a series of financial liberalization policies is found to have a non-linear effect. The results show that financial liberalization will exert a beneficial impact on technological deepening only if the financial system is sufficiently liberalized.

Keywords: financial liberalization; ideas production; endogenous growth; India. (search for similar items in EconPapers)
JEL-codes: O30 E58 O53 E44 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cwa, nep-ipr and nep-knm
Date: 2009
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Persistent link: http://EconPapers.repec.org/RePEc:pra:mprapa:17656

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