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The link between intellectual property rights, innovation, and growth: A meta-analysis

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  • Neves, Pedro Cunha
  • Afonso, Oscar
  • Silva, Diana
  • Sochirca, Elena

Abstract

In recent decades, intellectual property rights (IPR) and their macroeconomic effects have attracted considerable attention from both policymakers and academics. Despite a substantial theoretical and empirical literature, evidence regarding the impact of IPR protection on innovation and economic growth is mixed. In this paper we conduct a literature review and meta-analysis of the topic, and find that IPR have an overall positive effect on innovation and growth. However, the effect on innovation is weaker in developing countries than developed countries. We also find that the effects reported in the literature depend to a great extent on individual studies’ methodological characteristics.

Suggested Citation

  • Neves, Pedro Cunha & Afonso, Oscar & Silva, Diana & Sochirca, Elena, 2021. "The link between intellectual property rights, innovation, and growth: A meta-analysis," Economic Modelling, Elsevier, vol. 97(C), pages 196-209.
    • Handle: RePEc:eee:ecmode:v:97:y:2021:i:c:p:196-209
    DOI: 10.1016/j.econmod.2021.01.019
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    Keywords

    Intellectual property rights; Innovation; R&D; Economic growth; Meta-analysis;
    All these keywords.

    JEL classification:

    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • O34 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Intellectual Property and Intellectual Capital
    • O4 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity

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