Get 20M+ Full-Text Papers For Less Than $1.50/day. Start a 14-Day Trial for You or Your Team.

Learn More →

Does IPRS Protection Influence Economic Growth and FDI Inflows in Malaysia?*

Does IPRS Protection Influence Economic Growth and FDI Inflows in Malaysia?* and 1.0 INTRODUCTION It has long been argued that the intellectual property rights (Ipps) protection helps to fuel economic growth, stimulate investments, enhance competitiveness and promote technological innovations. Empirical studies in the developed countries have consistently managed to prove the positive effects of IPR system on the economy. However, evidence shows that IpRs system alone may not be an effective means for economic and technological development. Gould and Gruben (1996)1, for example, asserted that IPR system can only be effective in stimulating the economy when the market is liberalised and open. They argued that openness is crucial in spurring greater competition, motivating greater foreign investment and accelerating technological advancement. In contrast, some studies reported net welfare losses in the short-run when IPR reforms were embarked, inducing negative economic growth. According to Maskus (2000)-', this happens because the improvement in the IPPs system could lead to closure of IP infringing business activities, higher imitation costs, and potential abuses of IPRS. Falvey, Foster and Greenaway (2004)3 inferred this to be the case only in the middle income countries, while in the high and low income countries they found stronger IPR protection to influence economic growth positively. Similarly, there are disagreements http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of World Investment and Trade Brill

Does IPRS Protection Influence Economic Growth and FDI Inflows in Malaysia?*

Journal of World Investment and Trade , Volume 9 (4): 15 – Jan 1, 2008

Loading next page...
 
/lp/brill/does-iprs-protection-influence-economic-growth-and-fdi-inflows-in-30ihjb48xG
Publisher
Brill
Copyright
Copyright © Koninklijke Brill NV, Leiden, The Netherlands
ISSN
1660-7112
eISSN
2211-9000
DOI
10.1163/221190008X00070
Publisher site
See Article on Publisher Site

Abstract

and 1.0 INTRODUCTION It has long been argued that the intellectual property rights (Ipps) protection helps to fuel economic growth, stimulate investments, enhance competitiveness and promote technological innovations. Empirical studies in the developed countries have consistently managed to prove the positive effects of IPR system on the economy. However, evidence shows that IpRs system alone may not be an effective means for economic and technological development. Gould and Gruben (1996)1, for example, asserted that IPR system can only be effective in stimulating the economy when the market is liberalised and open. They argued that openness is crucial in spurring greater competition, motivating greater foreign investment and accelerating technological advancement. In contrast, some studies reported net welfare losses in the short-run when IPR reforms were embarked, inducing negative economic growth. According to Maskus (2000)-', this happens because the improvement in the IPPs system could lead to closure of IP infringing business activities, higher imitation costs, and potential abuses of IPRS. Falvey, Foster and Greenaway (2004)3 inferred this to be the case only in the middle income countries, while in the high and low income countries they found stronger IPR protection to influence economic growth positively. Similarly, there are disagreements

Journal

Journal of World Investment and TradeBrill

Published: Jan 1, 2008

There are no references for this article.