INTELLECTUAL PROPERTY RIGHTS AND ECONOMIC GROWTH

Walter Park and Juan Carlos Ginarte

Contemporary Economic Policy, 1997, vol. 15, issue 3, 51-61

Abstract: This paper studies the relationship between intellectual property rights (IPRs) and economic growth for a cross‐section of countries for the period 1960–1990. The analysis focuses on effects of IPRs on growth using a quantitative index of IPRs. The paper finds that IPRs affect economic growth indirectly by stimulating the accumulation of factor inputs like R&D and physical capital. The positive effects of IPRs on factor accumulation, particularly of R&D capital, are present even when the analysis controls for a more general measure of property rights

Date: 1997
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https://doi.org/10.1111/j.1465-7287.1997.tb00477.x

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