The Role of Intellectual Property Rights in the UK Market Sector

48 Pages Posted: 4 Jan 2016

See all articles by Shikeb Farooqui

Shikeb Farooqui

European University Institute

Peter Goodridge

Imperial College Business School

Jonathan Haskel

Imperial College Business School

Date Written: July 1, 2011

Abstract

This report estimates:

(a) The level of UK market sector investment in knowledge assets protected by Intellectual Property Rights (IPRs) and

(b) The impact of investment in those assets via their contribution to labour productivity growth in the UK market sector. Estimates for investment and the stock of IPR capital are based on previous work and includes new estimates for investment in artistic originals, funded by the Intellectual Property Office (IPO) and featured in the accompanying report.

We also comment on additional spending on IP-protected goods that do not represent investments, although the coverage of this category is far from complete. Our main findings are:

1) On average, between 2000 and 2008, 48% of knowledge investment in the UK market sector was protected by IPRs

2) The majority of IPR investment is on assets protected by copyright and design rights

3) In 2008 approximately 62% of the stock of knowledge assets in the UK market sector was protected by IPRs

4) On average, between 1990 and 2008, 10.6% of growth in labour productivity was due to growth in capital deepening of IPR-protected assets. Comparable figures for ICT equipment and knowledge capital not protected by IPRs are 11.1% and 10.3% respectively.

Suggested Citation

Farooqui, Shikeb and Goodridge, Peter and Haskel, Jonathan E., The Role of Intellectual Property Rights in the UK Market Sector (July 1, 2011). Intellectual Property Office Research Paper No. 2011/2. Available at SSRN: https://ssrn.com/abstract=2710615 or http://dx.doi.org/10.2139/ssrn.2710615

Shikeb Farooqui

European University Institute ( email )

Villa Schifanoia
133 via Bocaccio
Firenze (Florence), Tuscany 50014
Italy

Peter Goodridge (Contact Author)

Imperial College Business School ( email )

South Kensington Campus
Exhibition Road
London SW7 2AZ, SW7 2AZ
United Kingdom

Jonathan E. Haskel

Imperial College Business School ( email )

South Kensington Campus
Exhibition Road
London SW7 2AZ, SW7 2AZ
United Kingdom

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