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The struggle to survive in the R&D sector: Implications for innovation and growth

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  • Furukawa, Yuichi

Abstract

By allowing for investment activities by research and development (R&D) firms to prevent product obsolescence, we show that if legal patent protection is too strong, a higher R&D subsidy rate delivers insufficient investments for survival in the R&D sector, depressing innovation and growth in the long run.

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Bibliographic Info

Article provided by Elsevier in its journal Economics Letters.

Volume (Year): 121 (2013)
Issue (Month): 1 ()
Pages: 26-29

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Handle: RePEc:eee:ecolet:v:121:y:2013:i:1:p:26-29

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Web page: http://www.elsevier.com/locate/ecolet

Related research

Keywords: Firm survival; R&D subsidy; Patent breadth; Endogenous growth;

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Cited by:
  1. Furukawa, Yuichi, 2013. "The struggle to survive in the R&D sector: Implications for innovation and growth," Economics Letters, Elsevier, Elsevier, vol. 121(1), pages 26-29.

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