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NISCAIR ONLINE PERIODICALS REPOSITORY (NOPR) >
NISCAIR PUBLICATIONS >
Research Journals >
Journal of Intellectual Property Rights (JIPR) >
JIPR Vol.15 [2010] >
JIPR Vol.15(6) [November 2010] >
| Title: | Intellectual Property Protection and US Foreign Direct Investment in Emerging Economies |
| Authors: | Watkins, James Mitchell
Taylor, Mark Zachary |
| Keywords: | Patents
development
technology
innovation
investment |
| Issue Date: | Nov-2010 |
| Publisher: | NISCAIR-CSIR, India |
| Abstract: | Do intellectual property rights (IPR) affect
foreign direct investment (FDI) into emerging economies? While conventional
wisdom supports a strong IPR-FDI relationship, the empirical evidence is both
mixed and suffers from several shortcomings. To help resolve this paradox, this
article investigates the effects of IPR on US FDI in
22 emerging economies using data from 2006 to 2008. It tests two
competing, independent measures of IPR protection, as well as disaggregated
FDI data to investigate the effects of IPR protection on investments across
nine industries economy-wide, and across eight sectors within the manufacturing
industry. The empirical results consistently fail to support the hypothesis
that
IPR protection strongly affects advanced country FDI into emerging economies.
Therefore, developing countries may have considerable leeway in IPR design and
enforcement; IPR regimes can be tailored to fit a developing country’s domestic
socio-economic and cultural conditions without affecting it as a destination
for foreign investment. IPRs are not an end-in-themselves, rather they are a
means by which to increase investment in innovative activity; they should
therefore be designed and enforced with this goal in mind. |
| Page(s): | 415-428 |
| CC License: |  CC Attribution-Noncommercial-No Derivative Works 2.5 India |
| ISSN: | 0975-1076 (Online); 0971-7544 (Print) |
| Source: | JIPR Vol.15(6) [November 2010]
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