The Composition of Foreign Direct Investment and Protection of Intellectual Property Rights : Evidence from Transition Economies

The Composition of Foreign Direct Investment and Protection of Intellectual Property Rights : Evidence from Transition Economies

While existing literature has examined the impact of intellectual property protection on the volume of foreign direct investment (FDI), little is known about its effect on the composition of FDI inflows. The author addresses this question empirical...

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Bibliographic Details
Main Author: Smarzynska, Beata K.
Format: Policy Research Working Paper
Language:English
en_US
Published: World Bank, Washington, DC 2013
Subjects:
ALLIANCES
CAPITAL INFLOWS
COAL
CODES
COMPETITIVENESS
CONSUMERS
COPYRIGHT
CORRUPTION
DESTINATION COUNTRY
ECONOMIC ACTIVITY
ECONOMIC ANALYSIS
ECONOMIC BEHAVIOR
ECONOMIC DEVELOPMENT
ECONOMIES OF SCALE
EMPIRICAL ANALYSIS
EMPIRICAL EVIDENCE
EMPIRICAL STUDIES
EXPORTS
FOREIGN AFFILIATES
FOREIGN CAPITAL
FOREIGN DIRECT INVESTMENT
FOREIGN INVESTMENT
FOREIGN INVESTOR
FOREIGN INVESTORS
FOREIGN PRESENCE
GDP
GDP PER CAPITA
GLOBAL ECONOMY
GLOBAL TRADING
GOVERNING INVESTMENT
IMPORTS
INTELLECTUAL PROPERTY
INTELLECTUAL PROPERTY RIGHTS
INTERNATIONAL INVESTMENT
INTERNATIONAL POLICY
INTERNATIONAL TRADE
INVESTMENT DECISION
KNOWLEDGE ACCUMULATION
LABOR COSTS
LAW FIRMS
LAWS
LEGAL RULES
LEGISLATION
LOCAL CONSUMERS
LOCAL FIRMS
LOCAL PRODUCERS
LOCAL PRODUCTION
MARKET SIZE
OIL
PATENTS
PRIVATE SECTOR
PRIVATIZATION
PRODUCERS
PRODUCTION PROCESS
PRODUCTION TECHNOLOGY
PROPERTY RIGHTS
PUBLIC COMPANIES
PUBLISHERS
PURCHASING POWER
STANDARD VARIABLES
STATEMENTS
TAX RATES
TAXATION
TECHNOLOGICAL CAPABILITIES
TECHNOLOGY TRANSFER
TRADE FLOWS
TRADE RESTRICTIONS
TRADING SYSTEM
TRANSACTION COSTS
TRANSITION ECONOMIES
TRANSITION PERIOD
TRANSPARENCY
Online Access:http://documents.worldbank.org/curated/en/2002/02/1703260/composition-foreign-direct-investment-protection-intellectual-property-rights-evidence-transition-economies
http://hdl.handle.net/10986/15634
Description
Summary:While existing literature has examined the impact of intellectual property protection on the volume of foreign direct investment (FDI), little is known about its effect on the composition of FDI inflows. The author addresses this question empirically, using a unique firm-level data set from Eastern Europe and the former Soviet Union. She finds that weak protection deters foreign investors in technology-intensive sectors that rely heavily on intellectual property rights. The results also indicate that a weak intellectual property regime encourages investors to undertake projects focusing on distribution rather than local production. The latter effect is present in all sectors, not just those relying heavily on intellectual property protection.

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