Intellectual Property Rights and Innovation in Developing Countries: Evidence from Panel Data

Andréanne Léger

No 21407, 2006 Annual meeting, July 23-26, Long Beach, CA from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: The determinants of innovation and the role of intellectual property rights in different countries are not well understood. This paper estimates the determinants of innovation using a new panel dataset. It compares different panel estimation methods appropriate for finite size samples. Past R&D investments have a positive and significant impact on current innovation, demand-pull factors are also important in all country groups, and the structure of the economy has a negative (positive) impact in developing (industrialized) countries. Intellectual property protection is only significant for developing countries. The least-square dummy variable corrected estimator is found to be the most appropriate for small, unbalanced datasets. We discuss econometric issues and the policy implication of these results.

Keywords: Research; and; Development/Tech; Change/Emerging; Technologies (search for similar items in EconPapers)
Pages: 22
Date: 2006
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Citations: View citations in EconPapers (2)

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Working Paper: Intellectual Property Rights and Innovation in Developing Countries: Evidence from Panel Data (2006)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea06:21407

DOI: 10.22004/ag.econ.21407

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