Intellectual Property Rights Protection, Foreign Direct Investment and Economic Growth in Malaysia: An ARDL Bound Test Approach

Abstract

The main objective of present study is to investigate the implications of intellectual property rights (IPR) protection on foreign direct investment and economic growth in Malaysia. We used the ARDL bounds testing approach to cointegration for long run relationship between the variables. Although researches with regards to foreign direct investment and economic growth have been conducted extensively in the Malaysian economic context, the role of IPR protection however has yet to be discussed in detail. These findings highlight that IPR plays a significant role in attracting FDI in the past and indirectly explains the growth process.