@workingpaper{Asongu2013b_33,
title = {The ‘Knowledge Economy’-finance nexus: how do IPRs matter in SSA and MENA countries?},
author = {Simplice A Asongu},
editor = {African 2013 Governance and Development Institute WP/13/023},
url = {http://www.afridev.org/RePEc/agd/agd-wpaper/The-Knowledge-Economy-Finance-Nexus.-How-do-IPRs-matter-in-SSA-and-MENA-countries.pdf},
year = {2013},
date = {2013-01-01},
abstract = {This paper assesses the relevance of intellectual property rights (IPRs) in the
knowledge economy (KE)-finance nexus using the four variables identified under the World
Bank’s knowledge economy index (KEI) and seven financial intermediary dynamics of depth,
efficiency, activity and size. Three main findings are established: (1) education increases
financial dynamics of depth and size; (2) economic incentives by means of credit facilities
(trade openness) mitigate financial dynamics of efficiency and activity (financial dynamics of
depth and size) and; (3) ICT and FDI both improve financial depth and decrease financial size
(with FDI having an additional edge of improving financial activity). As a policy implication,
the enforcement of IPRs is not a general and sufficient condition for positive KE-finance
nexuses. Hence, blanket upholding of IPRs to achieve such positive linkages may not be
successful unless policy is contingent on the prevailing ‘KE specific component’ trends and
dynamics of financial development.},
keywords = {Financial development; Knowledge economy; Intellectual property rights},
pubstate = {published},
tppubtype = {workingpaper}
}