Intellectual property occupies a central position in the biotechnology innovation system, the expected source of new medicines, foods and bio-energy. An international and inter-disciplinary research team has convened for the last seven years in an attempt to better understand the mechanisms of...

This article analyzes the effects of foreign patent rights on U.S. bilateral exports. The empirical analysis covers three highly disaggregated drug industries over three decades. We estimate bilateral trade equations for each industry using cross-country data on the strength of national patent...