INTELLECTUAL PROPERTY RIGHTS and ECONOMIC GROWTH in EUROPE

Year 2015, Volume: 24 Issue: 2, 123 - 136, 31.10.2015

Ebru Arıcıoğlu Okyay Ucan

Abstract

Nowadays countries growth rates are determined by technology and innovation capacity therefore the protection and support of technological ideas are very crucial. From this viewpoint we investigate the impact of intellectual property rights (IPRs) and various related variables on economic growth for both developed countries in Europe and Turkey from 1995 to 2005.

Using SUR technique (seemingly unrelated regressions), we try to put forward the impact various variables effects on economic growth. These variables are; GDP per adult worker, physical capital investment, human capital stock, market freedom index, research and development, intellectual property rights index. In this way, we can analyze the determinants of the growth for the countries which have different development degrees.

Keywords

growth, intellectual property rights, SUR

References

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