The Endogenous Relationship between Intellectual Property Rights Protection and Economic Growth Rate

• Main Author: 蔡芳紜
• Other Authors: 胡均立
• Format: Others
• Language: en_US
• Published: 2010
• Online Access: http://ndltd.ncl.edu.tw/handle/05483201904830663931

碩士 === 國立交通大學 === 經營管理研究所 === 98 === This paper studies the impact of intellectual property right (IPR) on economic growth as an endogenous factor. Most of the economic growth theories emphasize on enhancing IPR protection in order to encourage innovation, which stimulates economic growth. However, there is a negative relationship between IPR protection and GDP growth rate. This paper uses seemingly unrelated regression (SUR) to estimate our econometric equation simultaneously. Empirical analysis with a panel of data for 46 countries during the period of 2000-2007, shows that stronger IPR decreases GDP growth rate. This paper extends the conclusion of inverse U-shaped relationship between IPR protection and economic growth that suggested by Koléda (2004) and Furukawa (2007), confirms the negative endogeneity of IPR protection and economic growth.