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.

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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
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article

The Role of Intellectual Property Rights Protection on Intra- Comesa Trade with A Specific Focus on Trademarks

Stein Masunda, Gabriel Mhonyera
International Journal of Economics and Financial Issues
Global trade and economics
article

The Role of Intellectual Property Rights Protection on Intra- Comesa Trade with A Specific Focus on Trademarks

Stein Masunda, Gabriel Mhonyera
article en

Abstract

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.

International Journal of Economics and Financial IssuesVol. 15(1)
University of Johannesburg (ZA), Midlands State University (ZW)
Openalex Percentile: Top 60%
Global trade and economics
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The Role of Intellectual Property Rights Protection on Intra- Comesa Trade with A Specific Focus on Trademarks — Stein Masunda, Gabriel Mhonyera · International Journal of Economics and Financial Issues (2024) | TGRS Research Map | TGRS