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Effects of intellectual property rights on innovation and economic activity: A non-linear perspective from Latin America
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Orientador(es)
Resumo(s)
Intellectual property rights (IPRs) have a significant impact on facilitating the economic endeavors of countries. Nevertheless, there exists notable disparity among studies concerning the implications of IPRs within developing countries. Therefore, this study examines how stronger IPRs affect economic activity and moderate two important knowledge channels, domestic and foreign innovation activity. Using a sample of 18 Latin American countries from 2007 to 2018, we employed the Driscoll-Kraay robust standard errors, two-stage least squares (2SLS), and Generalized Method of Moments (GMM) to examine the effects of IPRs. Results confirm an inverted U-shaped relationship between IPRs and economic activity. Hence, the majority of Latin countries continue to vary in the factors of production that suport robust IPRs. Conversely, robust IPRs effectively improve the relation between domestic innovation and economic activity. Similarly, this influence holds true for foreign innovation as well. Based on this evidence, the research suggests implementing an optimal IPR policy.
Descrição
This work was financed by the Coordenação ao de Aperfeiçoamento de Pessoal de Nivel Superior – Brasil (CAPES) – Finance Code 001 and supported by National Council for Scientific and Technological Development – CNPq (Proc. 152,060/2022–7).
Acknowledgements: The authors sincerely thank the Editor Mario Pianta and anonymous referees for all comments and constructive suggestions, which significantly contributed to improving the quality of the manuscript. We would like to register our sincere thanks to Miss Maribel Guerrero for her helpful suggestions in a firsthand view of our research. The authors are also grateful for the many helpful comments at the Academy of International Business – AIB LAC 2023 Conference hosted at ESPM in São Paulo, Brazil.
Acknowledgements: The authors sincerely thank the Editor Mario Pianta and anonymous referees for all comments and constructive suggestions, which significantly contributed to improving the quality of the manuscript. We would like to register our sincere thanks to Miss Maribel Guerrero for her helpful suggestions in a firsthand view of our research. The authors are also grateful for the many helpful comments at the Academy of International Business – AIB LAC 2023 Conference hosted at ESPM in São Paulo, Brazil.
Palavras-chave
Intellectual property rights Domestic innovation Foreign direct investment Developing countries Total Factor Productivity
Contexto Educativo
Citação
Viglioni, M. T. D., Calegario, C. L. L., Aveline, C. E. S., Ferreira, M. P., Borini, F. M., & Bruhn, N. C. P. (2023). The Effects of Intellectual Property Rights on Innovation and Economic Activity: A Non-Linear Perspective from Latin America. Available at SSRN 4363397. Vol. 67, pp. 359-371. https://doi.org/10.1016/j.strueco.2023.09.001
Editora
Elsevier