Do Stronger Intellectual Property Rights Increase International Technology Transfer? Empirical Evidence from U.S. Firm-Level Panel Data
Carnegie Mellon University - H. John Heinz III School of Public Policy and Management; National Bureau of Economic Research (NBER)
Raymond J. Fisman
Columbia Business School - Finance and Economics; National Bureau of Economic Research (NBER)
C. Fritz Foley
Harvard Business School; National Bureau of Economic Research (NBER)
May 11, 2004
World Bank Policy Research Working Paper No. 3305
One of the alleged benefits of the recent global movement to strengthen intellectual property rights (IPRs) is that such reforms accelerate transfers of technology between countries. Branstetter, Fisman, and Foley examine how technology transfer among U.S. multinational firms changes in response to a series of IPR reforms undertaken by 12 countries over the 1982-99 period. Their analysis of detailed firm-level data reveal that royalty payments for intangibles transferred to affiliates increase at the time of reforms, as do affiliate research and development (R&D) expenditures and total levels of foreign patent applications. Increases in royalty payments and R&D expenditures are more than 20 percent larger among affiliates of parent companies that use U.S. patents more extensively prior to reform and therefore are expected to value IPR reform most. This paper - a product of Trade, Development Research Group - is part of a larger effort in the group to understand the global impact of stronger intellectual property rights.
Number of Pages in PDF File: 52working papers series
Date posted: October 29, 2004
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