Economics and Law of Digital Economy

The digital economy is a central part of transformation based on the diligence of cyberspace-based technologies. MNEs play a crucial role in global economy, linking rich and poor economies, and transmitting capital, knowledge, ideas and value systems across borders and so by interacting with institutions, organizations and individuals, MNEs cause positive and negative spillovers for stakeholders in host countries. FDI is a source of private external finance to the host economy contributing to the state's capital formation in the form of corporate tax revenues, permitting transfer of technology and innovation and so tolerating the host economy to catch up with technological and managerial enhancements absorbed by the rest of the economy will make for fuller productivity influence. IPR granted by patents, copyrights, trademarks, etc., perform a significant role in promoting innovation and sustaining economic growth by allowing their holders to keep out, for a limited amount of time, other parties from the remuneration arising from new knowledge and from the commercial use of innovative products and developments based on that new knowledge. Finally, the results based on ZEKIPR & ZEKEUIPR indices show not only a positive and real importance of IPRs upon attracting FDI but also IPRs are significant in a reverse way in contributing to GDP growth.