INTELLECTUAL PROPERTY PROTECTION AND THE INDUSTRIAL COMPOSITION OF MULTINATIONAL ACTIVITY
| Autor: | Kamal Saggi, Olena Ivus, Walter G. Park |
|---|---|
| Rok vydání: | 2015 |
| Předmět: |
Economics and Econometrics
business.industry media_common.quotation_subject 05 social sciences International trade Foreign direct investment Intellectual property General Business Management and Accounting Multinational corporation 0502 economics and business Economics Technology transfer 050207 economics Imitation business Composition (language) 050205 econometrics media_common |
| Zdroj: | Economic Inquiry. 54:1068-1085 |
| ISSN: | 0095-2583 |
| DOI: | 10.1111/ecin.12314 |
| Popis: | In a North-South model with endogenous FDI, we examine the impact of Southern IPR protection on the mode and industrial composition of international technology transfer. A novel feature of the model is that, due to technological reasons, industries differ with respect to their susceptibility to imitation. In equilibrium, licensing occurs in industries where the risk of imitation is low and FDI where it is of intermediate magnitude. Stronger IPRs in the South (i) alter the industrial composition of multinational activity towards licensing at the expense of FDI; (ii) reduce local imitation; and (iii) increase licensing and, to a lesser extent, FDI. |
| Databáze: | OpenAIRE |
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