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The Role of Intellectual Property Rights in Economic Growth

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Dynamics of Globalization and Development

Part of the book series: Recent Economic Thought Series ((RETH,volume 59))

Abstract

By influencing the incentives to innovate, intellectual property rights protection may affect economic growth in important ways. An important question for many countries is whether stricter enforcement of intellectual property laws is a good strategy for economic growth. This chapter examines the role of intellectual property rights in economic growth, utilizing cross-country data on patent protection, trade regime, and country-specific characteristics. The evidence suggests that intellectual property protection is a significant determinant of economic growth. These effects appear to be slightly stronger in relatively open economies and are robust to both the measure of openness used and to other alternative model specifications.

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Author information

Authors and Affiliations

  1. Federal Reserve Bank of Dallas, USA

    David M. Gould & William C. Gruben

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  1. David M. Gould
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  2. William C. Gruben
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Editor information

Editors and Affiliations

  1. St. Thomas University, Fredericton, New Brunswick, Canada

    Satya Dev Gupta

  2. University of Toronto, Toronto, Ontario, Canada

    Nanda K. Choudhry

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© 1997 Springer Science+Business Media New York

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Gould, D.M., Gruben, W.C. (1997). The Role of Intellectual Property Rights in Economic Growth. In: Gupta, S.D., Choudhry, N.K. (eds) Dynamics of Globalization and Development. Recent Economic Thought Series, vol 59. Springer, Boston, MA. https://doi.org/10.1007/978-1-4615-6219-1_10

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  • DOI: https://doi.org/10.1007/978-1-4615-6219-1_10

  • Publisher Name: Springer, Boston, MA

  • Print ISBN: 978-1-4613-7852-5

  • Online ISBN: 978-1-4615-6219-1

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