Intellectual Property Rights Our …

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Our sample covers 2,500 local firms and 350 multinational affiliates in 22 OECD countries during the period 2000-2005. All firms are publicly traded on the national stock markets of our sample countries. We follow the extant literature on FDI knowledge diffusion (Smeets 2008) and consider the impact of industry-level multinational presence (measured in sales shares) on the total factor productivity of local firms, using national input-output tables to establish vertical linkages between national industries. We use the Ginarte and Park (1997) index to measure Intellectual Property Rights Australia protection, which covers five aspects of national strength (such as country participation in international intellectual property agreements, or the length of protection). This index ranges on a scale from 0 (extremely weak) to 5 (extremely strong).

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