The growth-IPRs nexus in OPEC member countries: An empirical investigation

Research output: Contribution to journalArticle

Abstract

This study employs a parsimonious model of economic growth to investigate the impact of intellectual property rights (IPRs) protection on the economic growth of Organization of the Petroleum Exporting Countries (OPEC) member countries. The growth model is estimated in the context of the Hausman-Taylor estimation technique in an annualized panel data framework. The principal finding suggests that IPRs per se are not an important factor in explainingthe economic growth of OPEC member countries. However, the interaction between IPRs and trade has exerted a positive and significant impact on the economic growth of OPEC member countries.

Original languageEnglish
Pages (from-to)92-98
Number of pages7
JournalInvestment Management and Financial Innovations
Volume13
Issue number2
Publication statusPublished - 2016

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Keywords

  • Economic growth
  • Intellectual property rights
  • OPEC

ASJC Scopus subject areas

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

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