The Impact of Intellectual Property as an Intangible Asset on Enhancing Economic Growth
The Impact of Intellectual Property as an Intangible Asset on Enhancing Economic Growth: Institutional Sustainability as a Mediating Variable An Empirical Study on the Industrial and Commercial Sectors in the Hashemite Kingdom of Jordan
The present study aims to analyze the impact of intellectual property as an intangible asset on enhancing economic growth in Jordan’s industrial and commercial sectors, while exploring the role of institutional sustainability as a mediating variable in this context. The study is based on a theoretical framework linking intangible assets, economic performance and sustainability, and applies a descriptive-analytical approach to analyze data gathered from a sample of employees in targeted sectors.
The study findings reveal a high level of utilization of intellectual property as an intangible asset in Jordan’s industrial and commercial sectors, reflecting growing awareness of its role in enhancing competitiveness. The findings also indicate a positive impact of intellectual property on economic growth, as intellectual property rights foster innovation and investment in research and development, thereby enhancing firms’ productivity and profitability and strengthening their expansion into markets. Further, the results indicate a positive impact of intellectual property on enhancing institutional sustainability, reflecting its role in building long-term competitive capabilities and supporting adaptive and resilient business practices.
In addition, institutional sustainability is shown to have a significant positive effect on economic growth and to play a mediating role in the relationship between intellectual property and economic growth, highlighting that the integration of sustainability practices with intellectual property management enhances the overall impact of innovation on sustainable economic development.
In light of these findings, the study recommends adopting intellectual property management strategies integrated with institutional sustainability practices to enhance innovation and support sustainable economic growth, alongside developing national policies that promote investment in intangible assets and strengthen Jordan’s knowledge-based economy and competitiveness.
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