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DOES ENFORCEMENT OF INTELLECTUAL PROPERTY RIGHTS MATTER IN CHINA? EVIDENCE FROM FINANCING AND INVESTMENT CHOICES IN THE HIGH-TECH INDUSTRY.
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- Author(s): Ang, James S.; Yingmei Cheng; Chaopeng Wu
- Source:
Review of Economics & Statistics; May2014, Vol. 96 Issue 2, p332-348, 17p, 1 Black and White Photograph, 6 Charts, 1 Graph- Subject Terms:
- Source:
- Additional Information
- Subject Terms:
- Abstract: Using a unique and rich database of high-technology firms in China, we show that effective enforcement of intellectual property rights at the provincial level is critical in encouraging financing and investing in R&D. Better enforcement of intellectual property (IP) rights positively affects firms' ability to acquire new external debt and allows firms to invest in more R&D, generate more innovation patents, and produce more sales from new products. Our results suggest that facilitating financing and investing in R&D are the channels through which better IP rights enforcement can affect economic growth. [ABSTRACT FROM AUTHOR]
- Abstract: Copyright of Review of Economics & Statistics is the property of MIT Press and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
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