Intellectual Property and Economic Growth: A Review of Empirical Studies

In recent decades, the protection of Intellectual Property Rights (IPRs) has become central to public policy debates, serving as a crucial economic mechanism that fosters research, development, and innovation. This paper reviews empirical studies examining the relationship between IPR protection and economic growth in both developed and developing countries. The findings suggest that while IPR protection can stimulate innovation and economic growth, its impacts vary depending on a country's level of development. Not all studies find a positive correlation between IPR protection and growth, indicating a complex relationship. Further research is needed to explore these dynamics more comprehensively.