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Wu on Entry Regulation, IP Rights, and R&D Expenditures

By Lawrence Solum

Haibin Wu (University of Alberta - Department of Economics) has posted Entry Barriers, Property Rights, and R&D Activities: Evidence from OECD Countries on SSRN. Here is the abstract:

Despite the theoretical argument and empirical evidence that R&D is essential for technological progress and economic growth, there are large variations in R&D expenditures across countries and industries, even among OECD countries. What institutional factors may be responsible for such variations? We focus on two types of institutions: entry regulation and intellectual property rights protection, and examine whether these two institutions exert differential effects on R&D activities across industries. The results show that countries with lower entry cost and better intellectual property rights protection tend to invest more in R&D, especially in industries with high natural entry rate and high R&D intensity. Various robustness checks confirm that the results are not due to reverse causality, omitted variables or outliers.

Full post as published by Legal Theory Blog on February 13, 2009 (boomark / email).