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East Asian Economic Review Vol. 9, No. 2, 2005. pp. 119-143.

DOI https://dx.doi.org/10.11644/KIEP.JEAI.2005.9.2.146

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Do Stronger Intellectual Property Rights Widen Growth Gap?

Author

Hwan-Joo Seo

Sangji University

seohwan@mail.sangji.ac.kr

Young Soo Lee

Hankuk Aviation University

yslee@mail.hangkong.ac.kr
Creative Commons Attribution License

EAER is an open access journal distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution, and reproduction in any medium, provided you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license.

Abstract

Our study builds a model of cumulative growth in order to analyze the relationship between intellectual property rights (IPRs) and economic growth for a cross-section of countries for the period 1975-2000. This article focuses on the impacts of IPRs on growth gap between countries using a catching-up model and USPTO database. We find that IPRs affect economic growth by stimulating the accumulation of physical capital. However, the economic effects of IPRs on innovation activity are absent in this study. We find also the cumulative causation relationship between investment and growth. Lastly, our estimation results show that the wide variety of possible growth paths available to countries, depending on their ‘social capability’.

JEL classification: L17, O30, O34

Keywords

Intellectual Property Rights, Innovation, Growth Gap

Language

Korean

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