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Maskus (2000), argued that a positive correlation exist between economic development and intellectual property rights (IPRs); he also mentioned that countries with strong intellectual property rights tend to have higher economic growth. In this research, the focus is more specifically on patent and innovation spillover on economic growth. As Mercurio (2010), also stated that the countries that structured and improved their IP system tented to assist local needs and goals. In addition, he also argued about the countries that had weak IP policies, but achieved speedy economic development and started to strengthened their IP system at the initial stage of growth. He emphasized, that countries that are not successful to sufficiently protect their IP system, will limit the upside of their economic growth.