North-South foreign direct investment (FDI) is frequently viewed as a process in which jobs relocate from the North to the South. I build a growth model with two asymmetric trading economies, the North where firms innovate and the South where Northern firms invest to take advantage of lower...

A central argument for increased protections of property rights (PR) is the role they play in encouraging economic transactions, investment and economic growth. Likewise, the utilitarian justification of intellectual property laws is that such rights promote creative inventions and innovation,...

This paper explores the limitations of the current patent system regulating inventions, by contending that in its current form, such regulation is bound to create legal monopolies and entry barriers to potential competitors. Thus, the paper explains why the law should adopt a different...

Intellectual property rights (IPRs) play a crucial role in enhancing economic growth and further supporting domestic and foreign innovation activities. Nevertheless, the literature still diverges regarding IPR effects in developing countries. Therefore, this study explores how the role of IPRs...