Does the level of intellectual property rights have different effects on inter- and intra-industry trade?

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Abstract

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).

Original languageEnglish
Pages (from-to)119-122
Number of pages4
JournalInvestment Management and Financial Innovations
Volume8
Issue number4
Publication statusPublished - 2011

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Keywords

  • Intellectual property rights
  • Intra-industry trade
  • Total trade

ASJC Scopus subject areas

  • Business and International Management
  • Finance
  • Economics and Econometrics
  • Strategy and Management

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