Abstract
The present study focuses on the role of intellectual property rights (IPR) and explores the importance of industrial indicators of IP in different geographic regions. To estimate the degree of responsiveness of the country's financial prosperity to IPR, top 15 countries based on their GDP performance were selected for the study. We found that there is no single formula for enhancing GDP through IPR, as the combination of different tools of IPR differs from country to country. The study also provides a conceptual framework which elaborates the role of different factors that are contributing to IP base, which further leads to faster economic growth in knowledge economy.
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