Title The Role of Intellectual Property Rights in Technology Transfer and Economic Growth: Theory and Evidence
Abstract Following the conclusion of the TRIPS Agreement, much has been written on the potential costs and benefits of stronger Intellectual Property Rights (IPRs) protection in terms of growth and technology transfer, particularly for developing countries. This paper reviews this literature and provides new evidence linking protection of IPRs to economic growth, innovation and technology diffusion. Results suggest that while stronger IPR protection can ultimately reap rewards in terms of greater domestic innovation and increased technology diffusion in developing countries with sufficient capacity to innovate, it has little impact on innovation and diffusion in those developing countries without such capacity and may impose additional costs. There is a considerable incentive, therefore, for countries at different stages of development to use the flexibilities in the TRIPS Agreement to maximize its net benefits for their development.
Date 2006
Language(s) English
Pages 100 pages
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