Patents, trade secrets and international technology transfer

I study the impact of intellectual property rights on foreign direct investment and technology transfer in developing countries. I find that strengthening patent protection may stimulate foreign investment, but fails to encourage technology transfer. In contrast, strengthening trade secret protectio...

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Bibliographic Details
Published inEconomics letters Vol. 210; p. 110180
Main Author Klein, Michael A.
Format Journal Article
LanguageEnglish
Published Amsterdam Elsevier B.V 01.01.2022
Elsevier Science Ltd
Subjects
Developing countries
Foreign direct investment
Foreign investment
Intellectual property
Intellectual property rights
LDCs
Property rights
Secrets
Technology transfer
trade
Trade secrets
O34
Patents
Trade secrets
F23
O19
Technology transfer
Foreign direct investment
Intellectual property rights
O33
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Summary:I study the impact of intellectual property rights on foreign direct investment and technology transfer in developing countries. I find that strengthening patent protection may stimulate foreign investment, but fails to encourage technology transfer. In contrast, strengthening trade secret protection may achieve both goals. These findings suggest that the standard approach to modeling intellectual property rights in terms of a single dimension obscures important differences in the effect of individual aspects of intellectual property law. •I study the impact of patent and trade secret protection in developing countries.•These intellectual property rights impact multinational firms differently.•Patent protection may increase foreign investment, but reduces technology transfer.•Trade secret protection may accomplish both goals.
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ISSN:0165-1765
1873-7374
DOI:10.1016/j.econlet.2021.110180