Empirical Evidence for Policy Formulations and Implications for IP Commercialisation from Knowledge Economy Perspectives

What is it about?

Protection of intellectual property (IP) rights is essential for fostering economic expansion and innovation. Higher economic growth is linked to stronger IP protection across openness metrics and alternative model specifications. In the knowledge economy, IP rights laws are difficult to implement. Although there isn't a national IP policy in Sri Lanka that is fully committed, the fundamentals are discussed. Additionally, while some studies indicate that IP policies enhance patent output but may not always stimulate patent commercialisation, the GDP growth rate of nations that make significant investments in R&D is directly correlated with patent filing. It calls for the necessity of an all-encompassing IP framework.

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Photo by Mathieu Stern on Unsplash

Photo by Mathieu Stern on Unsplash