Relationship Between the Strength of Intellectual Property Rights and Innovation.

摘要

This paper discusses the relationship between the strength of intellectual property rights and innovation. It is commonly held that increasing the strength of intellectual property rights will lead to increased innovation. However, this relationship cannot be infinite in nature, instead this paper explores the possibility of a parabolic or logarithmic relationship between these variables. The findings of this study are inconclusive with regard to this relationship, but there is strong evidence the Hofstede Cultural Dimensions cannot be used in place of country indicators when measuring their impact on innovation (GII) or the strength of intellectual property rights (IPR). Additionally, concrete finding in this area were hindered by lacking time series data for innovation and the strength of intellectual property rights. As these terms become better defined and studied, further study of this relationship should be possible with new data.