Financial Reforms, Patent Protection, and Knowledge Accumulation in India

James Ang

World Development, 2010, vol. 38, issue 8, 1070-1081

Abstract: Summary 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)
Date: 2010
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Citations: View citations in EconPapers (20)

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Working Paper: Financial Reforms, Patent Protection and Knowledge Accumulation in India (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:wdevel:v:38:y:2010:i:8:p:1070-1081

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