Empirical studies and cross-country data indicate that intellectual property protection and patents act as meaningful incentives for driving technological change and R&D investment.
Evidence for · 2
Does intellectual property protection spur technological change?
2003 · cited by 382
Utilizing cross-country panel data, the study finds that stronger intellectual property protection serves as a significant incentive for spurring innovation.
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More for · 1
Foreign direct investment, R&D and spillover efficiency: Evidence from Taiwan's manufacturing firms
1999 · cited by 223
The findings suggest that once a country's technological capability is established, the protection of intellectual property rights is critical for stimulating R&D and sustaining economic growth.