Nasser Al-Mawali
Affiliation: Ph.D., Sultan Qaboos University, Oman
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The growth-IPRs nexus in OPEC member countries: an empirical investigation
Nasser Al-Mawali doi: http://dx.doi.org/10.21511/imfi.13(2).2016.10Investment Management and Financial Innovations Volume 13, 2016 Issue #2 pp. 92-98
Views: 936 Downloads: 241 TO CITEThis study employs a parsimonious model of economic growth to investigate the impact of intellectual property rights (IPRs) protection on the economic growth of Organization of the Petroleum Exporting Countries (OPEC) member countries. The growth model is estimated in the context of the Hausman-Taylor estimation technique in an annualized panel data framework. The principal finding suggests that IPRs per se are not an important factor in explaining the economic growth of OPEC member countries. However, the interaction between IPRs and trade has exerted a positive and significant impact on the economic growth of OPEC member countries