Patent, utility model, and economic growth

The main purpose of this study is to examine the impact of patent rights and utility model on both economic growth and firm performance. The research hypothesis is tested using the Generalized Method of Moments (GMM) technique. Empirical findings imply that the impact of intellectual property rights protection on economic growth depends upon the level of development. While patent protection positively effect on economic growth for developed countries, utility model protection positively effect on economic growth for developing countries. Using Turkish firm-level data as a case study, analysis results show that patent protection and utility model do not contribute to firm performance in Turkey.