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Trade Impacts of Intellectual-Property-Related PTAs: Evidence from Using the World Bank Deep Trade Agreements Database

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dc.contributor.authorMaskus, Keith E.
dc.contributor.authorRidley, William
dc.date.accessioned2021-05-13T17:05:05Z
dc.date.available2021-05-13T17:05:05Z
dc.date.issued2021-05
dc.description.abstractThis paper uses the World Bank database on deep trade agreements to demonstrate the rapid increase in preferential trade agreements with standards of intellectual property protection that are enforceable and elevated beyond the minimums required in the World Trade Organization Trade-Related Aspects of Intellectual Property Rights Agreement. These accords are referred to as intellectual property–related preferential trade agreements. The paper sets out a treatment-control econometric approach, in which treated agreements are defined by various characteristics and the control group is other preferential trade agreements. This approach is used to study whether membership in intellectual property–related preferential trade agreements affects a country’s trade with nonmember countries. For this purpose, the paper defines a set of industries that intensively use intellectual property rights (the high-intellectual property group) and a set of industries that do not (the low-intellectual property group). There is evidence that countries in these agreements with the United States, the European Union, or the European Free Trade Association experience significant increases in third-country aggregated exports of biopharmaceuticals at all levels of income, while exports of low-intellectual property goods are relatively diminished, compared with the control preferential trade agreements. This result is reinforced using detailed bilateral sectoral trade and holds also for exports of medical devices from higher-income economies. Because these industries are the target of many elevated standards in intellectual property–related preferential trade agreements, the result suggests that these policies affect trade volumes. Further exploratory analysis suggests that these impacts are associated with higher local sales of affiliates of multinational firms, using US data. These are viewed as preliminary findings that point to the need for further analysis.en
dc.identifierhttp://documents.worldbank.org/curated/en/275801620833587348/Trade-Impacts-of-Intellectual-Property-Related-PTAs-Evidence-from-Using-the-World-Bank-Deep-Trade-Agreements-Database
dc.identifier.doi10.1596/1813-9450-9659
dc.identifier.urihttps://hdl.handle.net/10986/35572
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper;No. 9659
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectINTELLECTUAL PROPERTY RIGHTS
dc.subjectPREFERENTIAL TRADE AGREEMENTS
dc.subjectDEEP TRADE AGREEMENT
dc.subjectTRADE-RELATED INTELLECTUAL PROPERTY RIGHTS
dc.subjectTRIPS
dc.subjectPHARMACEUTICALS
dc.titleTrade Impacts of Intellectual-Property-Related PTAsen
dc.title.subtitleEvidence from Using the World Bank Deep Trade Agreements Databaseen
dc.typeWorking Paperen
dc.typeDocument de travailfr
dc.typeDocumento de trabajoes
dspace.entity.typePublication
okr.crossref.titleTrade Impacts of Intellectual-Property-Related Ptas: Evidence from using the World Bank Deep Trade Agreements Database
okr.date.disclosure2021-05-12
okr.date.doiregistration2025-04-10T12:00:21.841397Z
okr.doctypePublications & Research
okr.doctypePublications & Research::Policy Research Working Paper
okr.docurlhttp://documents.worldbank.org/curated/en/275801620833587348/Trade-Impacts-of-Intellectual-Property-Related-PTAs-Evidence-from-Using-the-World-Bank-Deep-Trade-Agreements-Database
okr.guid275801620833587348
okr.identifier.doi10.1596/1813-9450-9659
okr.identifier.externaldocumentum090224b0885b20b6_1_0
okr.identifier.internaldocumentum33071104
okr.identifier.reportWPS9659
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/275801620833587348/pdf/Trade-Impacts-of-Intellectual-Property-Related-PTAs-Evidence-from-Using-the-World-Bank-Deep-Trade-Agreements-Database.pdfen
okr.statistics.combined2873
okr.statistics.dr275801620833587348
okr.statistics.drstats2195
okr.topicInternational Economics and Trade::Intellectual Property Rights
okr.topicInternational Economics and Trade::International Trade and Trade Rules
okr.topicInternational Economics and Trade::Trade and Regional Integration
okr.topicInternational Economics and Trade::World Trade Organization
okr.unitDevelopment Research Group, Development Economics; and the Macroeconomics, Trade and Investment Global Practice
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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