The Impact of Stronger Property Rights in Pharmaceuticals on Innovation in Developed and Developing Countries

Ming Liu and Sumner La Croix
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Ming Liu: Deptartment of Finance, Nankai University

No 201407, Working Papers from University of Hawaii at Manoa, Department of Economics

Abstract: We use dynamic panel data regressions to investigate whether the strength of a country’s patent protection for pharmaceuticals is associated with more pharmaceutical patenting by its residents and corporations in the United States. Using the Pharmaceutical Intellectual Property Protection (PIPP) Index to measure patent strength, we run dynamic probit and Poisson regressions on panels from 25 developing and 41 developed countries over the 1970-2004 period. Results vary, depending on whether we examine partial effects at the mean or average partial effects for the PIPP Index. APEs for the PIPP Index are positive but statistically insignificant in both developed and developing country samples.

Keywords: Patent; pharmaceutical; innovation; TRIPS; intellectual property (search for similar items in EconPapers)
JEL-codes: O1 O31 O34 (search for similar items in EconPapers)
Pages: 54 pages
Date: 2014-03
New Economics Papers: this item is included in nep-com, nep-ino, nep-ipr, nep-pr~ and nep-tid
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

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http://www.economics.hawaii.edu/research/workingpapers/WP_14-7.pdf First version, 2014 (application/pdf)

Related works:
Working Paper: The Impact of Stronger Property Rights in Pharmaceuticals on Innovation in Developed and Developing Countries (2014)
Working Paper: The Impact of Stronger Property Rights in Pharmaceuticals on Innovation in Developed and Developing Countries (2011)
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