This study provides an answer to an intuitive question concerning whether there are any differences in the effect of level of intellectual property rights (IPRs) protection on inter-versus intra-industry trade. Gravity equations of interand intra-industry trade are estimated in the context of a constant coefficient approach by means of Ordinary Least Squares (OLS) and a random effects approach by means of Generalized Least Squares (GLS). The principal finding suggests that the presence of IPRs protection is important for both inter- and intra-industry trade; however, it is more important for intra-industry than for inter-industry trade (total trade).
|الصفحات (من إلى)||119-122|
|دورية||Investment Management and Financial Innovations|
|حالة النشر||Published - 2011|
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