Template-type: ReDIF-Paper 1.0
Author-Name: Ndubuisi, Gideon
Author-Email: ndubuisi@merit.unu.edu
Author-Workplace-Name: UNU-MERIT
Title: Domestic intellectual property rights protection and exports: Accessing the 
	 credit channel.
Abstract: Recent studies on the export effects of domestic intellectual property 
	 rights protection focus on the innovation, border and technology 
	 transfer channels to underscore the pathways by which effective domestic 
	 IPRs protection influences own country's export. I extend this 
	 literature by arguing that another pathway domestic IPRs protection 
	 affects own country's export is via the credit channel i.e. firms access 
	 to external finance. Among many others, this occurs because effective 
	 domestic IPRs protection creates a scenario wherein exporters can use 
	 their intellectual properties in the same way they use tangible assets 
	 as collateral in order to overcome the huge variable and upfront fixed 
	 costs they face. To underscore this pathway, I evaluate the export 
	 effect of domestic IPRs protection within the comparative model 
	 framework and find empirical evidence for my hypothesis, with the 
	 results indicating that countries with more effective IPRs protection 
	 export more from sectors that depend more on external finance and that 
	 have more intangible assets.
Classification-JEL: F10, F13, F14, F36, O33, O34 
Keywords: Intellectual Property Rights, Exports, Access to Finance
Series: UNU-MERIT Working Papers
Creation-Date: 20190506
Number: 2019-017
File-URL: https://unu-merit.nl/publications/wppdf/2019/wp2019-017.pdf
File-Format: application/pdf
File-Size: 275 Kb
Handle: RePEc:unm:unumer:2019017