The Relationship Between Intellectual Property Rights, Innovation, and Economic Development in the G20 and Selected Developing Countries

Samuel Gyedu (), Heng Tang (), Michael Verner Menyah () and George Duodu Kissi ()
Additional contact information
Samuel Gyedu: Jiangsu University
Heng Tang: Jiangsu University
Michael Verner Menyah: Jiangsu University
George Duodu Kissi: University of Economics and Law “KROK”

Journal of the Knowledge Economy, 2024, vol. 15, issue 4, No 100, 18223-18256

Abstract: Abstract The main objective of this study is to examine the relationship between intellectual property right, economic growth, research and development, trademark, and government effectiveness in the G20 and developing countries. The study applied econometric approaches such as panel vector autoregression (PVAR), PVAR Granger causality, variance decomposition, and impulse response functions (IRF). We also applied heterogeneous and second-generation panel data approaches that are effervescent to slope heterogeneity and cross-sectional dependency to panel data revolving 20 countries (G20) and 27 developing countries from 2004 to 2022. To summarize the findings of this research, (1) the study discovered that economic growth, research and development, trademark, and government effectiveness have positive and significant effect on intellectual property right in the G20 countries. (2) Economic growth, trademark, and government effectiveness have positive and significant influence on intellectual property right, but research and development has no relationship with intellectual property right in the developing countries. (3) In the G20 countries, IPR responds favorably to economic growth, research and development, trademark, and government effectiveness shocks. (4) Lastly, IPR responds favorably to economic growth, trademark, and government effectiveness shocks in the developing countries. Our findings highlight the critical role that innovation-growth policies and economic development play as the primary global drivers of intellectual property rights.

Keywords: Intellectual property right; Research and development; Economic growth; Trademark; Government effectiveness (search for similar items in EconPapers)
Date: 2024
References: Add references at CitEc
Citations:

Downloads: (external link)
http://link.springer.com/10.1007/s13132-024-01859-3 Abstract (text/html)
Access to the full text of the articles in this series is restricted.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:jknowl:v:15:y:2024:i:4:d:10.1007_s13132-024-01859-3

Ordering information: This journal article can be ordered from
http://www.springer.com/economics/journal/13132

DOI: 10.1007/s13132-024-01859-3

Access Statistics for this article

Journal of the Knowledge Economy is currently edited by Elias G. Carayannis

More articles in Journal of the Knowledge Economy from Springer, Portland International Center for Management of Engineering and Technology (PICMET)
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().