Abstract
This study provides an answer to an intuitive question concerning whether there are any differences in the effect of level of intellectual property rights (IPRs) protection on inter-versus intra-industry trade. Gravity equations of interand intra-industry trade are estimated in the context of a constant coefficient approach by means of Ordinary Least Squares (OLS) and a random effects approach by means of Generalized Least Squares (GLS). The principal finding suggests that the presence of IPRs protection is important for both inter- and intra-industry trade; however, it is more important for intra-industry than for inter-industry trade (total trade).
Original language | English |
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Pages (from-to) | 119-122 |
Number of pages | 4 |
Journal | Investment Management and Financial Innovations |
Volume | 8 |
Issue number | 4 |
Publication status | Published - 2011 |
Keywords
- Intellectual property rights
- Intra-industry trade
- Total trade
ASJC Scopus subject areas
- Business and International Management
- Accounting
- Finance
- Economics and Econometrics
- Strategy and Management