Thesis selected among top-third of 150 candidates from 40 countries
|Dr. Abdul Sattar, PhD graduate in Economics (2012) from Pakistan Institute of Development Economics Islamabad, dissertation titled “Intellectual Property Rights, Technology Transfer and Economic Growth” has made an achievement in ISPIM-Wiley Innovation Management Dissertation Award-2013, United Kingdom. Due to his outstanding research work, he did score in the top-third of 150 candidates from 40 countries. The dissertation evaluation process was competitive and it was based on the assessment of PhD dissertation’s impact, innovation, scientific rigour and communication.|
In his research work, Dr. Sattar has empirically examined the effectiveness of intellectual property rights and various technology transfer channels, such as: patenting, trade, licensing and foreign direct investment on economic growth for a balanced panel of high income, middle income (both upper middle income and lower middle income) and low income countries. After analysis, empirical results reveal that the impact of intellectual property rights on economic growth is more significant in high income countries as compared to middle and low income countries, which is due to more protection of intellectual property rights in high income countries compared to that of middle income and low income countries. On classifying these middle income countries into upper and lower middle income countries, it concludes that the effectiveness is more significant in upper middle income countries as compared to lower middle income countries, which is again due to various level of protection of intellectual property rights in these countries. As for as, the effectiveness of different technology transfer channels on economic growth is concerned, the study concludes that for full sample of countries, except for patenting, all other channels have significant impact on economic growth. Due to more protection of intellectual property rights, all these channels are positively and significantly affecting economic growth in high income countries. In middle income countries, licensing and foreign direct investment have been found to be the most effective channels for the transfer of technology. Similarly, in upper middle income countries, patenting and licensing, while in lower middle income countries licensing and foreign direct investment are the effective channels for the transfer of technology. In low income countries, only foreign direct investment is an effective channel for the transfer of technology, affecting the economic growth.
Intellectual property rights and various technology transfer channels affect the economic growth differently in these countries, which depends upon the structure of the concerned economies, either innovative and/or imitative with stronger and/or weaker protection of intellectual property rights. In order to get benefits for productivity and economic growth, the agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS) may encourage for innovations and international technology diffusion among developed and developing countries through setting the minimum standards for the protection and enforcement of intellectual property rights. Regular publications in relation to patents must be encouraged in developing countries, which will help in knowledge accumulation and innovations over a period of time. In this way, in future, the TRIPS standards will expand among the trading partners for their technological development and economic prosperity. Moreover, national intellectual property legislation of developing countries must be updated for international competitiveness for the enforcement of intellectual property rights according to the respective conventions and treaties.