Trade Impacts of Intellectual-Property-Related PTAs : Evidence from Using the World Bank Deep Trade Agreements Database
This paper uses the World Bank database on deep trade agreements to demonstrate the rapid increase in preferential trade agreements with standards of intellectual property protection that are enforceable and elevated beyond the minimums required in...
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World Bank, Washington, DC
2021
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| Online Access: | http://documents.worldbank.org/curated/en/275801620833587348/Trade-Impacts-of-Intellectual-Property-Related-PTAs-Evidence-from-Using-the-World-Bank-Deep-Trade-Agreements-Database http://hdl.handle.net/10986/35572 |
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okr-10986-355722022-09-20T00:09:34Z Trade Impacts of Intellectual-Property-Related PTAs : Evidence from Using the World Bank Deep Trade Agreements Database Maskus, Keith E. Ridley, William INTELLECTUAL PROPERTY RIGHTS PREFERENTIAL TRADE AGREEMENTS DEEP TRADE AGREEMENT TRADE-RELATED INTELLECTUAL PROPERTY RIGHTS TRIPS PHARMACEUTICALS This paper uses the World Bank database on deep trade agreements to demonstrate the rapid increase in preferential trade agreements with standards of intellectual property protection that are enforceable and elevated beyond the minimums required in the World Trade Organization Trade-Related Aspects of Intellectual Property Rights Agreement. These accords are referred to as intellectual property–related preferential trade agreements. The paper sets out a treatment-control econometric approach, in which treated agreements are defined by various characteristics and the control group is other preferential trade agreements. This approach is used to study whether membership in intellectual property–related preferential trade agreements affects a country’s trade with nonmember countries. For this purpose, the paper defines a set of industries that intensively use intellectual property rights (the high-intellectual property group) and a set of industries that do not (the low-intellectual property group). There is evidence that countries in these agreements with the United States, the European Union, or the European Free Trade Association experience significant increases in third-country aggregated exports of biopharmaceuticals at all levels of income, while exports of low-intellectual property goods are relatively diminished, compared with the control preferential trade agreements. This result is reinforced using detailed bilateral sectoral trade and holds also for exports of medical devices from higher-income economies. Because these industries are the target of many elevated standards in intellectual property–related preferential trade agreements, the result suggests that these policies affect trade volumes. Further exploratory analysis suggests that these impacts are associated with higher local sales of affiliates of multinational firms, using US data. These are viewed as preliminary findings that point to the need for further analysis. 2021-05-13T17:05:05Z 2021-05-13T17:05:05Z 2021-05 Working Paper http://documents.worldbank.org/curated/en/275801620833587348/Trade-Impacts-of-Intellectual-Property-Related-PTAs-Evidence-from-Using-the-World-Bank-Deep-Trade-Agreements-Database http://hdl.handle.net/10986/35572 English Policy Research Working Paper;No. 9659 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Policy Research Working Paper |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
INTELLECTUAL PROPERTY RIGHTS PREFERENTIAL TRADE AGREEMENTS DEEP TRADE AGREEMENT TRADE-RELATED INTELLECTUAL PROPERTY RIGHTS TRIPS PHARMACEUTICALS |
| spellingShingle |
INTELLECTUAL PROPERTY RIGHTS PREFERENTIAL TRADE AGREEMENTS DEEP TRADE AGREEMENT TRADE-RELATED INTELLECTUAL PROPERTY RIGHTS TRIPS PHARMACEUTICALS Maskus, Keith E. Ridley, William Trade Impacts of Intellectual-Property-Related PTAs : Evidence from Using the World Bank Deep Trade Agreements Database |
| relation |
Policy Research Working Paper;No. 9659 |
| description |
This paper uses the World Bank database
on deep trade agreements to demonstrate the rapid increase
in preferential trade agreements with standards of
intellectual property protection that are enforceable and
elevated beyond the minimums required in the World Trade
Organization Trade-Related Aspects of Intellectual Property
Rights Agreement. These accords are referred to as
intellectual property–related preferential trade agreements.
The paper sets out a treatment-control econometric approach,
in which treated agreements are defined by various
characteristics and the control group is other preferential
trade agreements. This approach is used to study whether
membership in intellectual property–related preferential
trade agreements affects a country’s trade with nonmember
countries. For this purpose, the paper defines a set of
industries that intensively use intellectual property rights
(the high-intellectual property group) and a set of
industries that do not (the low-intellectual property
group). There is evidence that countries in these agreements
with the United States, the European Union, or the European
Free Trade Association experience significant increases in
third-country aggregated exports of biopharmaceuticals at
all levels of income, while exports of low-intellectual
property goods are relatively diminished, compared with the
control preferential trade agreements. This result is
reinforced using detailed bilateral sectoral trade and holds
also for exports of medical devices from higher-income
economies. Because these industries are the target of many
elevated standards in intellectual property–related
preferential trade agreements, the result suggests that
these policies affect trade volumes. Further exploratory
analysis suggests that these impacts are associated with
higher local sales of affiliates of multinational firms,
using US data. These are viewed as preliminary findings that
point to the need for further analysis. |
| format |
Working Paper |
| author |
Maskus, Keith E. Ridley, William |
| author_facet |
Maskus, Keith E. Ridley, William |
| author_sort |
Maskus, Keith E. |
| title |
Trade Impacts of Intellectual-Property-Related PTAs : Evidence from Using the World Bank Deep Trade Agreements Database |
| title_short |
Trade Impacts of Intellectual-Property-Related PTAs : Evidence from Using the World Bank Deep Trade Agreements Database |
| title_full |
Trade Impacts of Intellectual-Property-Related PTAs : Evidence from Using the World Bank Deep Trade Agreements Database |
| title_fullStr |
Trade Impacts of Intellectual-Property-Related PTAs : Evidence from Using the World Bank Deep Trade Agreements Database |
| title_full_unstemmed |
Trade Impacts of Intellectual-Property-Related PTAs : Evidence from Using the World Bank Deep Trade Agreements Database |
| title_sort |
trade impacts of intellectual-property-related ptas : evidence from using the world bank deep trade agreements database |
| publisher |
World Bank, Washington, DC |
| publishDate |
2021 |
| url |
http://documents.worldbank.org/curated/en/275801620833587348/Trade-Impacts-of-Intellectual-Property-Related-PTAs-Evidence-from-Using-the-World-Bank-Deep-Trade-Agreements-Database http://hdl.handle.net/10986/35572 |
| _version_ |
1764483353216548864 |