Aspirations and intellectual property in the worldwide entrepreneurship ecosystem

Abstract

Entrepreneurship and intellectual property ecosystems are a systematic and multifaceted phenomenon. The analysis of these ecosystems is essential to gain an understanding of how they might be related, especially at the country level. Our investigation has identified a lack of studies that empirically assess the possible relationship between these two ecosystems. We aim to evaluate the linkage between entrepreneurship and the intellectual property ecosystems. The aspirations sub-index of the Global Entrepreneurship Index and the US Chamber International IP Index are used as a proxy for the entrepreneurial and intellectual property ecosystem, respectively. We estimate a panel data model and use a quantile regression model with fixed effects to test the hypothesis that the intellectual property ecosystem affects aspirations in the global entrepreneurship ecosystem. This study analyses these ecosystems from a different perspective, and the results are potentially important for policymakers who seek to improve entrepreneurship and intellectual property.