Journal of Economics and Sustainable Development
Patents Rights and Economic Growth: Empirical Evidence from Middle Income Countries
Abstract
This study investigates the association between patents rights and economic growth, in case of selected middleincome countries, using panel ARDL (auto regressive distributed lag) technique. Results under PMG and DFEestimator indicate that domestic patents contribute significantly to GDP of middle income only in short run,while MG estimator indicates that patents have no significant impact on economic growth both in short and longrun.Keywords—IPRs, Patents, Economic Growth, R&D.
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ISSN (Paper)2222-1700 ISSN (Online)2222-2855
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