Macroeconomic Dynamics of Intellectual Property Rights and International Technology Diffusion

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I examined how strengthening of intellectual property rights (IPRs) in less developed countries affects innovation and technology diffusion. As a consequence, I found that strengthening of IPRs in less developed countries promotes FDI. On the other hand, it reduces the rate of innovation when social infrastructure in those countries is not sufficient. I also found that IPRs policy in less development countries becomes weaker than their optimal levels and that international harmonization of IPRs is not efficient when institutional structure of the developed countries and the less developed countries is greatly different.