Research on the Measurement of Influencing Factors of Intellectual Property Trade Between China and the United States
In the global economic transformation,intellectual property trade,which symbolizes high and new technology,occupies an increasingly important position in global trade.Based on the differences in the advantages of intellectual property trade caused by technological innovation between China and the United States,this paper collects the relevant panel data of intellectual property royalties between China and the United States and 10 other host countries(5 each from developed and 5 developing countries)from 2010 to 2020 according to the Porter diamond model.Besides,the paper introduces the Global Competitiveness Index(GCI)of the host country,uses the empirical model to conduct multicollinearity analysis,benchmark regression,mediation effect test,and heterogeneity test to explore the influencing factors and mechanisms of intellectual property trade between China and the United States.The results show that:(1)During the period of study,the average income of intellectual property royalties in China is much smaller than that of the United States,and the income gap in China is much greater than that of the United States.(2)The U.S.intellectual property trade is only affected by three factors:the tariff rate,the average number of years of education,and the degree of labor freedom of the host country,while the intellectual property trade in China is more constrained by the factors(7 in total),among which the host country's tariff rate and labor freedom are negatively affected,and there is a certain gap between the strength and comparative advantage of the United States in intellectual property trade compared with the United States.(3)The intermediary effect is significantly higher in China than in the United States.The tariff rate and labor freedom of the host country have a significant partial intermediary effect on the U.S.intellectual property export trade,while for China,the former has a complete intermediary effect and the latter is a partial intermediary effect,and the consumption rate of residents in the host country is partially mediated.In addition,the host country's GCI has a significantly greater negative impact on China than on the United States.(4)The United States has obvious advantages and strength in intellectual property trade with both developed and developing countries,and at present,China's main advantage in intellectual property trade is developing countries.(5)The conclusion of a free trade agreement in the United States can help it reduce the impact of tariff barriers and talent flows.In case of China,it can reduce the impact of tariffs,human capital,and business carrying capacity.Based on this,the paper puts forward countermeasures and suggestions for China to further enhance the carrying capacity of resources and the competitiveness of intellectual property trade,improve the quality of intellectual property rights,and continuously improve the intellectual property system.
intellectual property tradinginnovative R&Droyalties for intellectual property rightstariff rateslabour freedomGlobal Competitiveness Index(GCI)global tradeChinathe United States of America