Intellectual property rights as development determinants

被引:4
作者
Eicher, Theo S. [1 ]
Newiak, Monique [2 ]
机构
[1] Univ Washington, Dept Econ, Seattle, WA 98195 USA
[2] Univ Munich, Munich, Germany
来源
CANADIAN JOURNAL OF ECONOMICS-REVUE CANADIENNE D ECONOMIQUE | 2013年 / 46卷 / 01期
关键词
O1; C1; BAYESIAN MODEL SELECTION; INSTITUTIONS RULE; GROWTH; PROTECTION; REGRESSION; INNOVATION;
D O I
10.1111/caje.12000
中图分类号
F [经济];
学科分类号
02 ;
摘要
While intellectual property rights (IPRs) are the key drivers of economic performance in R&D based growth models, they have not been fully explored in empirical development studies. We introduce IPRs to this literature, using Two-Stage Least Squares Bayesian Model Averaging to address endogeneity and model uncertainty at the instrument and income stages. We show that IPRs exert effects similar to 'Rule of Law' and therefore provide robust evidence that both physical and intellectual property rights are crucial development determinants. We document that unenforced IPRs exert no effect on development. Instead, it is the level of enforced IPRs that causes development. JEL classification: O1, C1
引用
收藏
页码:4 / 22
页数:19
相关论文
共 60 条