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journal article Feb 27, 2024

How does intellectual property system affect technology entrepreneurship: evidence from Chinese prefecture‐level cities

Fusen Zhao ORCID Yuhao Zhao ORCID Silin Li ORCID
Asian-Pacific Economic Literature Vol. 38 No. 1 pp. 110-130 · Wiley
View at Publisher Save 10.1111/apel.12405
Abstract
Technology entrepreneurship plays a pivotal role in bolstering regional economic vitality, with the intellectual property rights (IPR) system serving as a fundamental safeguard for entrepreneurs' intellectual achievements. Using panel data encompassing 260 prefecture‐level cities in China from 2006 to 2019, we employ the count of registered technology‐based enterprises to construct an indicator of technology entrepreneurship and consider China's IPR policy as a quasi‐natural experiment to examine the impact of the IPR system on technology entrepreneurship. The findings reveal that the pilot policy can significantly stimulate technology entrepreneurship displaying a periodically dynamic promotional effect. This conclusion remains reliable even after undergoing rigorous robustness tests. The mechanism analysis demonstrates that the pilot policy can stimulate technology entrepreneurship by enriching the technological knowledge base and providing financial guarantees. Notably, while the policy's impact on technology entrepreneurship increases with the expansion of the city scale across different scenarios, no discernible regional disparities emerge. This study provides a new perspective on the relationship between the IPR system and entrepreneurship, offering valuable insights into improving the IPR framework in emerging developing countries.
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Metrics
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Citations
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References
Details
Published
Feb 27, 2024
Vol/Issue
38(1)
Pages
110-130
License
View
Authors
F
Fusen Zhao

Nanjing University of Posts and Telecommunications Nanjing China

Y
Yuhao Zhao

Inner Mongolia University Hohhot China

S
Silin Li

Shanghai University of Finance and Economics Shanghai China

Cite This Article
Fusen Zhao, Yuhao Zhao, Silin Li (2024). How does intellectual property system affect technology entrepreneurship: evidence from Chinese prefecture‐level cities. Asian-Pacific Economic Literature, 38(1), 110-130. https://doi.org/10.1111/apel.12405