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Intellectual property rights, foreign direct investment and economic growth


Palaniaandy, Ayappan and Lee, Chin (2018) Intellectual property rights, foreign direct investment and economic growth. International Journal of Economics and Management, 12 (spec. 2). pp. 535-548. ISSN 1823-836X; ESSN: 2600-9390


The objective of this study is to investigate the moderating role of IPR on the impact of FDI inflows on economic growth. By include an interaction term for FDI and IPR in each model, Two-step System GMM was applied for three proxies of IPR, namely patent, trademark and industrial design on a panel of 103 countries from 1998 to 2013. The result shows that interaction between FDI-trademark and FDI-design obtained a positive and significant result towards economic growth. It can be concluded that countries with high IPR’s could enhance their economic growth via higher inflows of FDI. A strict enforcement of IPR is vital in ensuring positive impact on economic growth as investors preferably place the FDI in a safe and secure nation that promises enforcement of law against imitation.

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Additional Metadata

Item Type: Article
Divisions: Faculty of Economics and Management
Publisher: Faculty of Economics and Management, Universiti Putra Malaysia
Keywords: Economic growth; Foreign direct investment; Industrial design; Intellectual property rights; Patent
Depositing User: Nabilah Mustapa
Date Deposited: 12 Nov 2019 07:07
Last Modified: 12 Nov 2019 07:07
URI: http://psasir.upm.edu.my/id/eprint/16105
Statistic Details: View Download Statistic

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