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by a monopoly owned by the inventor. We show that philanthropy does not necessarily increase long-run growth and that it …
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Foreign Direct Investment (FDI) embodying capital and technology or some intangible advantage is the act of establishing or acquiring a foreign subsidiary over which the investing company has extensive management control. The empirical results show the influence of patents, copyright, trademarks...
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Economists have long noted the importance of clear laws and property rights to facilitate transactions and promote economic activity and growth. Intellectual property including copyrights is part of the fabric of property both in the United States and around the world. Empirical studies support...
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