Do Stronger Intellectual Property Rights Widen Growth Gap?

Hwan-Joo Seo () and Young Soo Lee ()
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Hwan-Joo Seo: Sangji University
Young Soo Lee: Korea Aerospace University

East Asian Economic Review, 2005, vol. 9, issue 2, 119-143

Abstract: Our study builds a model of cumulative growth in order to analyze the relationship between intellectual property rights (IPRs) and economic growth for a cross-section of countries for the period 1975-2000. This article focuses on the impacts of IPRs on growth gap between countries using a catching-up model and USPTO database. We find that IPRs affect economic growth by stimulating the accumulation of physical capital. However, the economic effects of IPRs on innovation activity are absent in this study. We find also the cumulative causation relationship between investment and growth. Lastly, our estimation results show that the wide variety of possible growth paths available to countries, depending on their 'social capability'.

Keywords: Intellectual Property Rights; Innovation; Growth Gap (search for similar items in EconPapers)
JEL-codes: L17 O30 O34 (search for similar items in EconPapers)
Date: 2005
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Persistent link: https://EconPapers.repec.org/RePEc:ris:eaerev:0175

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