ABSTRACT

Intellectual property is one of the major economic concepts in today’s modern world by which, the developed nations are well improvised and using IP rights to protect their economic welfare. Major institutions like WIPO and TRIPS are the creative steps taken by developed nations to protect their property. This study analyzes how intellectual property effects economic means and investigate do intellectual property effects economic growth of developing country like Pakistan. Therefore patents, copyrights and trademarks are the forms of channeling its productions by means of sectoral contribution to economic growth of Pakistan, to support this assumption a data sample of different sectors such as Agriculture, Exports, Imports, and Services including CPI etc. has been evidently provided from 1975-2020 and empirically correlated with total GDP included IPRs 2006-2020, eventually the study finds that some sectors such as Agriculture and Services with CPI and including IPRs are positively correlated with GDP of Pakistan, the study also concludes that if each sectors grew rapidly IPRs will impeccably supports the economy, therefore to achieve certain degree of economic uplift Pakistan will have to come out of the conventional IP regime and adopt new IP Treaties to boost the confidence of foreign investors as well as local businessmen