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Lunchseminar in economics: the impact of intellectual property rights on labor productivity: do constitutions matter?

at 18 KM
Uni.lu Follow

• Legislation
• Economy
• Legal
• Industry

Focusing on 22 OECD countries, we assess the impact of constitutional provisions and lower-level standards to protect intellectual property rights (IPRs) on labor productivity at the industry level.

Our analysis allows us to answer the following questions:
Are intellectual property rights more likely to be applied if they are envisaged in the constitution rather than provided for in ordinary legislation?
And if constitutional protection involves the defense or increased application of these principles, is this difference sufficiently relevant to translate into a greater impact on corporate performance?

Using intravenous infusion techniques and controlling a complete set of fixed effects (and their interactions) by year, industry, and country, we show that the constitutional provisions protecting IPRs positively affect the difference in labor productivity. between high intensity and low R & D sectors. This effect results from the impact of the protection of intellectual property rights on investment in R & D in very innovative sectors.

Our results are valid after control of lower rank standards. In addition, the interaction between constitutional norms and lower legislation is negative, suggesting that both are substitutes: the impact of constitutions is stronger in countries where IPR protection by lower standards is lower .

In turn, in countries where intellectual property rights are protected by constitutional standards, lower standards do not have a significant effect on the productivity of R & D-intensive sectors.

Professor Enrico Santarelli is Professor of Economics at the Department of Economics at the University of Bologna (since 1992). From 2003 to 2009, he was also a research professor at the Max Planck Institute of Economics and, in 2010, a senior scientist at the Institute for Prospective Technological Studies (JRC-IPTS) of the European Commission. He has been visiting professor at several universities around the world, including Berkeley, Erasmus Rotterdam, Maastricht, Saarland, Stanford and Sussex.

He is editor-in-chief of Small Business Economics, a member of the Journal of Business Venturing's review committee, and a member of the editorial board of the Eurasian Business Review. He was a member of the Executive Committee of the European Association for Research in Industrial Economics (EARIE) from 2004 to 2010. His main area of research is the economic analysis of entrepreneurship, business growth and entrepreneurship. innovation.

On these topics, he has published in a large number of journals, including: Research Policy, Regional Studies, Small Business Economics, International Journal of Industrial Organization, Review of Economic Behavior and Organization, Journal of The Economics of Evolution, Technology Transfer Review, Industry and Enterprise Change, International Journal of Small Business, Applied Economics, Industry and Innovation, Review of Industrial Organization, History of Political Economy, Empirical Economics.