Social Sciences, asked by HARL4084, 1 year ago

Do intellectual property rights affect the economy in any way? if yes then how?

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Answered by CBSEMP
0
hey guys ur simple perfect answer us below

This paper studies the relationship between intellectual property rights (IPRs) and economic growth for a cross‐section of countries for the period 1960–1990. The analysis focuses on effects of IPRs on growth using a quantitative index of IPRs. The paper finds that IPRs affect economic growth indirectly by stimulating the accumulation of factor inputs like R&D and physical capital. The positive effects of IPRs on factor accumulation, particularly of R&D capital, are present even when the analysis controls for a more general measure of property rights
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