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The Effect of Intellectual Property Rights on Domestic Innovation in the Pharmaceutical Sector

Simona Gamba

No 6004, CESifo Working Paper Series from CESifo

Abstract: This paper analyses the causal impact of Intellectual Property Rights (IPR) on pharmaceutical innovation in a panel of 74 countries. The identification strategy exploits the different timing across countries of two sets of IPR reforms. Domestic innovation is measured as citation-weighted domestic patents filed at the European Patent Office (EPO): to account for their distribution, count data models are used. A Zero Inated Negative Binomial model is adopted to consider the choice not to patent at the EPO. Results show that, in the short-run, IPR stimulate innovation. The effect for developing countries is roughly half of that for developed countries.

Keywords: intellectual property rights; developing countries; pharmaceutical sector; innovation; patents; TRIPS (search for similar items in EconPapers)
JEL-codes: I18 K11 O31 O34 (search for similar items in EconPapers)
Date: 2016
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Related works:
Journal Article: The Effect of Intellectual Property Rights on Domestic Innovation in the Pharmaceutical Sector (2017) Downloads
Working Paper: The effect of Intellectual Property Rights on domestic innovation in the pharmaceutical sector (2016) Downloads
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