International trade,economic growth and intellectual property rights: A panel data study of developed and developing countries |
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| Institution: | 1. Centre for Transformative Innovation, Swinburne University of Technology, AGSE Building, Corner Wakefield and William Streets, Hawthorn, Victoria 3122, Australia;2. Melbourne Institute of Applied Economic and Social Research, The University of Melbourne, Level 5, Faculty of Business and Economics Building, 111 Barry Street, Victoria 3010, Australia;1. University of Bologna, Italy;2. University of Modena and Reggio Emilia, Italy |
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| Abstract: | This paper examines the role of high-technology trade, IPRs and FDI in determining a country's rate of innovation and economic growth. The empirical analysis is conducted using a unique panel data set of 47 developed and developing countries from 1970 to 1990. The results suggest that: (1) high-technology imports are relevant in explaining domestic innovation both in developed and developing countries; (2) foreign technology has a stronger impact on per capita GDP growth than domestic technology; (3) IPRs affect the innovation rate, but this impact is more significant for developed countries; (4) the results regarding FDI are inconclusive. |
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