Some Effects of Intellectual Property Protection on National Economies: Theoretical and Econometric Study

Tomáš Evan, Pavla Vozárová and Ilya Bolotov

Prague Economic Papers, 2018, vol. 2018, issue 1, 73-91

Abstract: This paper aims to theoretically derive and afterwards econometrically assess the impact of intellectual property protection (IPP) on national economies. The authors' main hypothesis is that by creating a form of non-market protection, IPP limits free competition and has no positive effects on national economies and the world economy in general. The hypothesis is tested through estimation of relationship between charges for the use of intellectual property and 1) gross domestic product, 2) GDP growth, 3) unemployment, 4) exports of high-tech products, 5) FDI outflow, and 6) expenses on research and development in a panel dataset of 146 countries in years 2005-2014 based Arellano-Bond estimator for dynamic panel models. The data tells us that changes in these charges have not a significant impact on the studied indicators, which counts against claims of positive impact of IPP on economies and growth.

Keywords: intellectual property; economic theory; dynamic panel (search for similar items in EconPapers)
JEL-codes: C22 C23 D40 O34 O40 (search for similar items in EconPapers)
Date: 2018
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DOI: 10.18267/j.pep.644

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