Benefitting From Innovations And Paying For Innovations: The Global Trade Of Intellectual Property Rights: A Long-Run Empirical Analysis Of Receipts And Payments Of The Use Of Intellectual Property In G7 And BRICS Countries

Intellectual property rights (IPRs) such as patents, trademarks, designs and copyrights are increasingly traded in global markets. Acquisition of IP has become a key strategic tool for companies and corporations seeking to maintain and increase their markets while managing IP transactions and disputes, in particular involving ICT patents. The patent marketplace has also been transformed with the appearance of new intermediaries and business models. One key aspect of the global IPR system is that it helps STI stakeholders and companies to benefit from innovations and paying for innovations, which they need in global business. Thus, governments and public-sector organisations are also considering playing a more active role in IP markets. This article will focus on receipts and payments of intellectual property. The study will elaborate on financial receipts and payments in G7 and BRICS countries. The study is comparative analysis and provides a clear picture of global IPR trade in G7 and BRICS countries. The study is based on World Bank data. The study covers the years 1985-2015. The study is a comparative country study of financial IP flows. The study will report the following results: (1) financial flows of receipts, (2) financial flows of payments, (3) receipt/payment balance trends, (4) a comparative analysis of receipts and payments of the BRICS countries, (5) comparative analysis of receipts and payments of the G7 countries. Trend analysis of the study includes trend analyses of financial receipts and payment data, index series analyses of financial receipts and payment data, yearly changes analyses of financial receipts and payment data and finally the analysis of the latest data observation, compared to previous data observation. This kind of basic data analysis will provide interesting insights into emerging trends and structural changes of the global innovation ecosystem.