Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/123601 
Year of Publication: 
2013
Series/Report no.: 
AGDI Working Paper No. WP/13/023
Publisher: 
African Governance and Development Institute (AGDI), Yaoundé
Abstract: 
This paper assesses the relevance of intellectual property rights (IPRs) in the knowledge economy (KE)-finance nexus using the four variables identified under the World Bank's knowledge economy index (KEI) and seven financial intermediary dynamics of depth, efficiency, activity and size. Three main findings are established: (1) education increases financial dynamics of depth and size; (2) economic incentives by means of credit facilities (trade openness) mitigate financial dynamics of efficiency and activity (financial dynamics of depth and size) and; (3) ICT and FDI both improve financial depth and decrease financial size (with FDI having an additional edge of improving financial activity). As a policy implication, the enforcement of IPRs is not a general and sufficient condition for positive KE-finance nexuses. Hence, blanket upholding of IPRs to achieve such positive linkages may not be successful unless policy is contingent on the prevailing 'KE specific component' trends and dynamics of financial development.
Subjects: 
Financial development
Knowledge economy
Intellectual property rights
JEL: 
K42
O10
O34
O38
P48
Document Type: 
Working Paper

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.