Intellectual property rights and economic growth

Striving for greater economic growth, requires a great understanding of the underlying factors. One of the factors may be the intellectual property rights and the level of its protection. Whether it is and how does it behave are the questions answered by this thesis. The theoretical framework comes...

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Bibliographic Details
Main Author: Lindroos, Juho
Other Authors: Kauppakorkeakoulu, School of Business and Economics, Taloustieteet, Business and Economics, University of Jyväskylä, Jyväskylän yliopisto
Format: Master's thesis
Language:eng
Published: 2015
Subjects:
Online Access: https://jyx.jyu.fi/handle/123456789/45475
Description
Summary:Striving for greater economic growth, requires a great understanding of the underlying factors. One of the factors may be the intellectual property rights and the level of its protection. Whether it is and how does it behave are the questions answered by this thesis. The theoretical framework comes mainly from the Schumpeterian growth model. The empirical methodology uses GMM in order to obtain reliable results. The level of intellectual property rights protection in the country does seem to have a positive effect on the country’s growth rate. Furthermore it seems that the relation is non-linear: The incremental changes are different between low and high starting levels of the IPR protection.