The characteristics of intellectual property rights regimes: How formal and informal institutions affect outward FDI location

Papageorgiadis, Nikolaos; McDonald, Frank; Wang, Chengang; Konara, Palitha

doi:10.1016/j.ibusrev.2019.101620

Cited by 48 publications

(33 citation statements)

References 76 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…As per the studies of Papageorgiadis et al, (2020Papageorgiadis et al, ( , 2013, Branstetter et al, (2006Branstetter et al, ( , 2011Branstetter et al, ( , 2007, Hu and Png (2013); Kashcheeva, 2013;Yasar et al, 2011, stronger law enforcements on IP attracts higher rates of FDI. Papageorgiadis et al (2020Papageorgiadis et al ( , 2013 find that the strength of informal institutions connected to the enforcement of IP in a country directly affects outcomes and positively moderates the effect of formal legal aspects of IP law on FDI outflows from the USA towards other countries. on the other hand, also find that higher strength of IP institutions attracts Chinese higher outward FDI.…”

Section: Exploring Channels: Does Institutional Quality Matter For Inmentioning

confidence: 81%

“…Li et al (2016) find that the impact of FDI tends to be moderated by factors such as absorptive capacity, foreign presence, and competition intensity in the domestic market. On the other hand, according to the findings of Papageorgiadis et al, (2020Papageorgiadis et al, ( , 2013, stronger law enforcements on IP attract higher FDI. Therefore, we challenge this indirect impact of FDI and IPR in the context of non-G7 countries by integrating institutional quality dimension into our analysis.…”

Section: Discussionmentioning

confidence: 99%

“…They also argue that the behaviour influences how IP law is implemented in legal arenas and thereby impacts the efficacy of IPR regimes to help secure economic rights from the use of IP assets. Using data on outward FDI from the USA to 42 host countries, Papageorgiadis et al (2020) find that the strength of informal institutions connected to the enforcement of IP in a country directly affects the outcomes and positively moderates the effect of formal legal aspects of IP law on FDI flows. Therefore, in light of the related literature discussed above, our first hypothesis is formulated as follows:…”

Section: The Impact Of Ipr and Fdi On Cross-country Capital Stockmentioning

confidence: 99%

“…Importantly, inward FDI flows have been found to have a mediating role in positively boosting this effect for all countries and particularly for developed countries (Alexiou et al, 2016). In addition, Papageorgiadis et al (2020) argue that informal institutions impact the behaviour of agents involved in enforcing legal rights. They also argue that the behaviour influences how IP law is implemented in legal arenas and thereby impacts the efficacy of IPR regimes to help secure economic rights from the use of IP assets.…”

Section: The Impact Of Ipr and Fdi On Cross-country Capital Stockmentioning

confidence: 99%

“…Furthermore, patent protection is more likely to have a positive effect on innovation under a higher level of financial development as parallel to the discussions about the impact of the level of regulatory quality on capacity building. Moreover, recent literature on FDI such as Papageorgiadis et al, (2020Papageorgiadis et al, ( , 2013 finds that countries with stronger institutions in IP law enforcements attract more FDI. Alexiou et al, (2016) find that stronger levels of patent enforcement have a significant positive effect on economic growth of both developed and developing countries.…”

Section: Introductionmentioning

confidence: 99%

See 4 more Smart Citations

Does multilateral lending aid capital accumulation? Role of intellectual capital and institutional quality

Nemlioglu

Mallick

2020

Journal of International Money and Finance

View full text Add to dashboard Cite

This paper investigates whether multilateral lending is more effective in accumulating capital in countries with a higher level of innovation. Specifically, we examine the role of the World Bank or IMF financing on capital stock using data from 175 countries over the period 1970-2017, while considering different types of long-term external flows namely FDI and debt. We find that FDI as a long-term inflow influences domestic capital stock positively, but non-G7 countries, even with a higher level of innovation, are unable to benefit from greater FDI flows in boosting their capital stock, which we explain considering institutional quality differences across countries. With regard to foreign debt flows, the multilateral lending only benefits a borrowing country if it has greater level of intellectual capital or if those funds are used in financing innovative activities. Unlike short-term IMF loans, as World Bank lending tends to be directed more towards long-term development goals, they help boost productive capital. Exploiting a policy intervention with TRIPs agreement, the paper further uncovers that countries with better institutional quality and greater innovation benefit from multilateral lending in generating higher level of capital stock following TRIPs implementation.

show abstract

Section: Exploring Channels: Does Institutional Quality Matter For Inmentioning

confidence: 81%

Section: Discussionmentioning

confidence: 99%

Section: The Impact Of Ipr and Fdi On Cross-country Capital Stockmentioning

confidence: 99%

Section: The Impact Of Ipr and Fdi On Cross-country Capital Stockmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

See 3 more Smart Citations

Does multilateral lending aid capital accumulation? Role of intellectual capital and institutional quality

Nemlioglu

Mallick

2020

Journal of International Money and Finance

View full text Add to dashboard Cite

show abstract

China's quest for economic dominance and energy consumption: Can Asian economies provide natural resources for the success of One Belt One Road?

Bashir

Shahzad

et al. 2020

Manage Decis Econ

View full text Add to dashboard Cite

This research extends the research into foreign direct investments (FDIs) from emerging economies by integrating locational advantage perspective and institution‐based view to empirically analyze the interactive effect of resource endowment in a host economy and how institutional regulations impact on location choice of investors from emerging economies. Our analysis is based on Chinese outward FDI in 36 Asian and Oceanian economies. Empirical findings indicate that resource endowment is contingent upon regulatory institutions from both home and host country settings. Whereas the political risk bears positive influence over FDI and resource endowment, institutional distance and economic freedom have negative impact, which indicates that resource endowment is more appealing to investments from Chinese firms when institutional distance and economic freedom are low and political risk is high.

show abstract

Revisiting the Nexus between FDI, financial development and economic growth: Empirical evidence from Nigeria

Olorogun

Salami²,

Bekun

2020

Journal of Public Affairs

View full text Add to dashboard Cite

The need for economic development has preoccupied policymakers over the years. Especially the global south such as Nigeria, which is plagued with infrastructural deficit and less foreign direct investment and financial development attraction. This has drawn the attention of stakeholders and government officials for exploration of alternative routes for sustainable development, which is in line with the United Nations Sustainable Development Goals‐8 (UNSDG's). Thus, the current study focuses on the FDI‐led economic growth hypothesis if it holds or not for the case of Nigeria. The present study is distinct from previous studies in terms of scope by incorporation of more covariates, which has seemed to have been overlooked in the FDI argument. To this end, the current study re‐investigates the connection between FDI, financial development, total labour force, gross capital formation, and economic growth using Nigeria as a representation for Africa and Sub‐Saharan states specifically. Annual time‐series data from 1970 to 2018 is adopted for the econometrics analysis. Our study interest variables are foreign direct investment, economic expansion (GDP). The present study inculcates two additional financial development indicators; from the banking, and financial sectors. Using a battery of unit root and stationarity tests the study explores the stationarity properties of the outlined variables. Subsequently, the novel and recent robust Bayer and Hanck (2013) combined cointegration test in conjunction with Pesaran's ARDL bounds test was used to investigate the equilibrium relationship and regression analysis. While the Toda‐Yamamoto Granger causality was used to detect the direction of causality analysis among the variables. Empirical investigation traces a long‐run equilibrium relationship among the variables over the sampled period. Furthermore, empirical results show that FDI influences GDP, which suggests that FDI influences economic growth which is indicative of policymakers. Similarly, empirical outcomes establish a significant relationship between GDP and Financial Development from banking‐sector which is also corroborated in the causality results as an indirect causality is seen running from GCF to the financial sector. These outcomes suggest that FDI and Financial development are good predictors for sustainable economic growth in Nigeria. All aforementioned results have its inherent policy implications which are elucidated in the concluding remark of this study.

show abstract

The characteristics of intellectual property rights regimes: How formal and informal institutions affect outward FDI location

Abstract: This is a repository copy of The characteristics of intellectual property rights regimes: How formal and informal institutions affect outward FDI location.

Cited by 48 publications

References 76 publications

Does multilateral lending aid capital accumulation? Role of intellectual capital and institutional quality

Does multilateral lending aid capital accumulation? Role of intellectual capital and institutional quality

China's quest for economic dominance and energy consumption: Can Asian economies provide natural resources for the success of One Belt One Road?

Revisiting the Nexus between FDI, financial development and economic growth: Empirical evidence from Nigeria

Contact Info

Product

Resources

About