The Role of Intellectual Property Rights Protection on Intra- Comesa Trade with A Specific Focus on Trademarks
This paper employs the Pseudo Poisson Maximum Likelihood estimation technique to investigate the impact of trademarks, as a proxy for Intellectual Property Rights (IPRs), on intra-Common Market for Eastern and Southern Africa (COMESA) trade using panel data from 2000 to 2022. While the study establishes significant aggregate-level market expansion effects of trademarks on imports within COMESA, it also reveals sector-specific variations. Specifically, the study confirms a positive correlation between trademark-related imports of plastics, pharmaceuticals, rubber, tobacco, paper, and footwear products, suggesting that stronger trademark enforcement could enhance market expansion in this sector. Conversely, a negative correlation between trademark-related imports of dairy and clothing products is exposed, indicating potential market power effects that might restrict intra-COMESA trade. These findings underscore the importance of tailored IPRs policies across sectors, advocating for strengthened trademark protection in sectors that are significant and positively affected, while suggesting a more lenient approach for promoting trade in negatively affected sectors within the COMESA region.
Authors
- Stein Masunda (ORCID: https://orcid.org/0000-0003-0751-4066)
- Gabriel Mhonyera (ORCID: https://orcid.org/0000-0003-2957-000X)
Institutions
- University of Johannesburg (ZA)
- Midlands State University (ZW)
Publication Details
- Journal
- International Journal of Economics and Financial Issues
- Published
- 2024-12-06
- DOI
- https://doi.org/10.32479/ijefi.17304
- Primary Topic
- Global trade and economics
- Type
- article
- Field-Weighted Citation Impact
- 0.00