Intellectual Property Rights, Human Capital and the Incidence of R&D Expenditures
Numerous studies predict that developing countries with low human capital may not benefit from the strengthening of intellectual property rights. The authors extend an influential theoretical framework to highlight the role of intellectual property...
| Main Authors: | , |
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| Format: | Policy Research Working Paper |
| Language: | English |
| Published: |
2012
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| Subjects: | |
| Online Access: | http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20100222151652 http://hdl.handle.net/10986/3703 |
| Summary: | Numerous studies predict that developing
countries with low human capital may not benefit from the
strengthening of intellectual property rights. The authors
extend an influential theoretical framework to highlight the
role of intellectual property rights in the process of
innovation and structural change. The resulting theory is
consistent with a stylized fact that appears in the data,
namely that countries with poor intellectual-property
protection may accumulate human capital without a
corresponding increase in research and development
investment as a share of national income. The model predicts
that without minimum intellectual-property protection,
additional education may result in more imitation rather
than innovation. The preponderance of the econometric
evidence presented in this paper suggests that interactions
between human capital and intellectual property rights
determine global patterns of research and development
effort, and intellectual property rights tend to raise the
effect of education on the incidence of research and development. |
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