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This paper investigates stock performance in emerging markets in relation to their accessibility by foreign investors (as measured by the investability index of the IFC). Using the Stehle (1977) model, we reject for most markets integration and fail to reject for all segmentation. We find that...
Persistent link: https://www.econbiz.de/10013309575
This paper theoretically and empirically analyzes the effect of strengthening intellectual property rights in developing countries on the level and composition of industrial development. We develop a North-South product cycle model in which Northern innovation, Southern imitation, and FDI are...
Persistent link: https://www.econbiz.de/10012760176
on technology transfer and how property rights might affect such transfers and host-country welfare. Much of this … local managers learn the multinational's technology and can defect to start a rival firm. If contract enforcement leads the …
Persistent link: https://www.econbiz.de/10013247179
In this paper, we extend the growth model to include firm-specific technology capital and use it to assess the gains … from opening to foreign direct investment. A firm's technology capital is its unique know-how from investing in research … and development, brands, and organization capital. What distinguishes technology capital from other forms of capital is …
Persistent link: https://www.econbiz.de/10012759771
Research on the effects of patent protection on innovation and technology transfer in the cross-country pharmaceutical … the pharmaceutical sectors. This book chapter also attempts to integrate all the findings on innovations, technology … technology transfer, conditional upon certain country variables. In particular, the interaction between implementation and the …
Persistent link: https://www.econbiz.de/10013069398
This paper develops a North-South product model in which Southern imitation and the North-South flow of foreign direct investment (FDI) are endogenously determined. In the model, a strengthening of IPR protection in the South reduces the rate of imitation, which, in turn, increases the flow of...
Persistent link: https://www.econbiz.de/10013070725
acquiring sensitive technology by Chinese companies when they purchase companies abroad. These issues have not been addressed in …
Persistent link: https://www.econbiz.de/10013310167
As countries reform their patent laws to be in compliance with the Trade Related Intellectual Property Rights Agreement, an important question is how increased patent protection will affect drug prices in low-income countries. Using pharmaceutical trade data from 1996 to 2005, we examine the...
Persistent link: https://www.econbiz.de/10013067622
technology and the North harmed by such actions. A strong system of intellectual property rights may or may not enhance world …
Persistent link: https://www.econbiz.de/10013218112
Since the late 1980s the global intellectual property rights (IPR) system has been strengthening dramatically as much of the developing world introduces patent protection for new drug products. This may lead to more research on drugs to address developing country needs. As there are identifiable...
Persistent link: https://www.econbiz.de/10013222046