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VOL. 5, ISSUE 3 (2023)
Intellectual property rights and economic growth: A comprehensive analysis
Authors
Dr. Sharmila Ahlawat
Abstract
This paper examines the relationship between intellectual property
rights (IPR) protection and economic growth across developed and developing
economies from 2000 to 2022. Using comprehensive datasets from the World
Intellectual Property Organization (WIPO), World Bank, and other sources, we
analyze how varying levels of IPR enforcement correlate with innovation
metrics, foreign direct investment (FDI), technology transfer, and GDP growth.
Our findings suggest a nuanced relationship: while stronger IPR protections
generally correlate with increased innovation and economic growth in developed
economies, the relationship is more complex in developing countries where
complementary institutions and absorptive capacity play crucial mediating
roles. The COVID-19 pandemic (2020-2022) provided a natural experiment for
examining IPR flexibility during global emergencies, revealing tensions between
innovation incentives and public health imperatives. We propose a
contextualized approach to IPR policy that accounts for a country's development
stage, institutional quality, and industry-specific innovation dynamics.
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Pages:36-39
How to cite this article:
Dr. Sharmila Ahlawat "Intellectual property rights and economic growth: A comprehensive analysis". International Journal of Commerce and Economics, Vol 5, Issue 3, 2023, Pages 36-39
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