Effects of Strengthening Intellectual Property Rights in Newly Industrialized Economies: Evidence from Taiwans 1994 Patent Reform

Contemporary Economic Policy, Vol. 26, Issue 2, pp. 259-275, April 2008

17 Pages Posted: 18 Apr 2008

See all articles by Chih‐Hai Yang

Chih‐Hai Yang

National Central University - Department of Economics

Abstract

Does strengthening intellectual property rights (IPR) in terms of a longer patent life induce more patents? This article investigates the responses of high-technology firms to Taiwan's 1994 patent reform. Empirical analyses reveal that firms patenting propensity rose gradually before patent reform and showed an increase after patent reform, tending to support the viewpoint that stronger IPR can induce more patents. However, this cannot lead to lasting effect. Furthermore, patenting capability can serve as the access ticket for potential entrants to a science park under the circumstance of stronger IPR protections. These new entrants are found to have a better post-entry performance in patenting relative to the incumbents in the short run.

JEL Classification: O14, O31

Suggested Citation

Yang, Chih-Hai, Effects of Strengthening Intellectual Property Rights in Newly Industrialized Economies: Evidence from Taiwans 1994 Patent Reform. Contemporary Economic Policy, Vol. 26, Issue 2, pp. 259-275, April 2008, Available at SSRN: https://ssrn.com/abstract=1120561 or http://dx.doi.org/10.1111/j.1465-7287.2007.00095.x

Chih-Hai Yang (Contact Author)

National Central University - Department of Economics ( email )

NO.300 Jung-da Rd.
Jung-li City
Taoyuan, 320,R.O.C
Taiwan

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