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Swati Saini and Meeta Keswani Mehra
''Impact of strengthening Intellectual Property Rights Regime on income inequality: An Econometric Analysis''
( 2018, Vol. 38 No.4 )
The theory predicts that IPRs tend to raise income inequality by generating a more skewed distribution of wages. Stronger IPRs increase the demand for skilled labor force as it raises the return on R&D activities. This causes a relative increase in skilled labor wages, creating a wage bias in favor of skilled labor against unskilled labor, thus aggravating income inequality within a country. Using dynamic panel data techniques and a sample of 55 countries over 1980-2011, we examine the impact of strengthening Intellectual Property Rights (IPRs) on income distribution of a country. Our results indicate that the impact of IPRs on income distribution is contingent upon level of development of a country.Strengthening of IPRs increases income inequality in countries with higher level of development having higher ability to innovate.
Keywords: Developing countries, Globalization, Inequality, Intellectual Property Rights.
JEL: O1 - Economic Development: General
F5 - International Relations and International Political Economy: General
Manuscript Received : Mar 18 2017 Manuscript Accepted : Oct 10 2018

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