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Article: Does the Protection of Foreign Intellectual Property Rights Stimulate Innovation in the US?

TitleDoes the Protection of Foreign Intellectual Property Rights Stimulate Innovation in the US?
Authors
Issue Date2010
PublisherBlackwell Publishing Ltd. The Journal's web site is located at http://www.blackwellpublishing.com/journal.asp?ref=0965-7576&site=1
Citation
Review Of International Economics, 2010, v. 18 n. 5, p. 882-895 How to Cite?
AbstractAlthough standard theories suggest that patent protection helps stimulate innovative activities, some new theories argue the opposite. Empirical studies do not generate conclusive results either. This paper investigates empirically the impacts of foreign patent reforms on innovation in the US, using data on successful patent applications in the US over 33 years and major IPR reforms in 21 countries, in addition to the patent reforms in the US and the TRIPS Agreement of the WTO. We find that the TRIPS Agreement has had significant impacts on innovation in the US, which highlights the importance of international cooperation in patent protection. However, the effects of strengthening patent protection by individual countries are not statistically significant. This result seems to imply that the US market is already sufficiently large/profitable to provide innovation incentives in the US and therefore further strengthening foreign patent protection simply increases the US innovators' rent, but not their innovation. © 2010 Blackwell Publishing Ltd.
Persistent Identifierhttp://hdl.handle.net/10722/177782
ISSN
2015 Impact Factor: 0.558
2015 SCImago Journal Rankings: 0.518
ISI Accession Number ID
References

 

DC FieldValueLanguage
dc.contributor.authorQiu, LDen_US
dc.contributor.authorYu, Hen_US
dc.date.accessioned2012-12-19T09:39:53Z-
dc.date.available2012-12-19T09:39:53Z-
dc.date.issued2010en_US
dc.identifier.citationReview Of International Economics, 2010, v. 18 n. 5, p. 882-895en_US
dc.identifier.issn0965-7576en_US
dc.identifier.urihttp://hdl.handle.net/10722/177782-
dc.description.abstractAlthough standard theories suggest that patent protection helps stimulate innovative activities, some new theories argue the opposite. Empirical studies do not generate conclusive results either. This paper investigates empirically the impacts of foreign patent reforms on innovation in the US, using data on successful patent applications in the US over 33 years and major IPR reforms in 21 countries, in addition to the patent reforms in the US and the TRIPS Agreement of the WTO. We find that the TRIPS Agreement has had significant impacts on innovation in the US, which highlights the importance of international cooperation in patent protection. However, the effects of strengthening patent protection by individual countries are not statistically significant. This result seems to imply that the US market is already sufficiently large/profitable to provide innovation incentives in the US and therefore further strengthening foreign patent protection simply increases the US innovators' rent, but not their innovation. © 2010 Blackwell Publishing Ltd.en_US
dc.languageengen_US
dc.publisherBlackwell Publishing Ltd. The Journal's web site is located at http://www.blackwellpublishing.com/journal.asp?ref=0965-7576&site=1en_US
dc.relation.ispartofReview of International Economicsen_US
dc.titleDoes the Protection of Foreign Intellectual Property Rights Stimulate Innovation in the US?en_US
dc.typeArticleen_US
dc.identifier.emailQiu, LD: larryqiu@hku.hken_US
dc.identifier.authorityQiu, LD=rp01093en_US
dc.description.naturelink_to_subscribed_fulltexten_US
dc.identifier.doi10.1111/j.1467-9396.2010.00914.xen_US
dc.identifier.scopuseid_2-s2.0-78049486186en_US
dc.relation.referenceshttp://www.scopus.com/mlt/select.url?eid=2-s2.0-78049486186&selection=ref&src=s&origin=recordpageen_US
dc.identifier.volume18en_US
dc.identifier.issue5en_US
dc.identifier.spage882en_US
dc.identifier.epage895en_US
dc.identifier.isiWOS:000287507600009-
dc.publisher.placeUnited Kingdomen_US
dc.identifier.scopusauthoridQiu, LD=7201538008en_US
dc.identifier.scopusauthoridYu, H=36638999400en_US
dc.identifier.citeulike8209740-

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