Intellectual Property Rights and Licensing: An Econometric Investigation

Licensing has been virtually ignored in the econometric literature on intellectual property rights (IPRs). We discuss theoretical effects of IPRs on decisions to license technology internationally. Based on a theoretical model we specify a reduced-form econometric equation relating the volume of U....

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Bibliographic Details
Published in:Review of world economics 2001-01, Vol.137 (1), p.58-79
Main Authors: Yang, Guifang, Maskus, Keith E.
Format: Article
Language:English
Subjects:
Econometrics
Economic rent
Economic theory
Endowments
Fees
Global economy
Intellectual property
Intellectual property law
International economics
Licences
Materials processing
Patent law
Patent licensing
Property rights
Rights
Technological innovation
Technology policy
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Summary:Licensing has been virtually ignored in the econometric literature on intellectual property rights (IPRs). We discuss theoretical effects of IPRs on decisions to license technology internationally. Based on a theoretical model we specify a reduced-form econometric equation relating the volume of U. S. licensing to measures of technology protection and other variables in licensee nations. The model is applied to data for 23 countries in a panel covering 1985, 1990, and 1995. The results indicate that countries with stronger patent rights attract larger arm's-length volumes of licensed technology, though we are unable to distinguish between licensing quantities and values.
ISSN:0043-2636
1610-2878
1610-2886
DOI:10.1007/BF02707600