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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

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 47728.

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Date of creation: May 2013
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Handle: RePEc:pra:mprapa:47728

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Keywords: Firm survival; R&D subsidy; patent breadth; endogenous growth;

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References

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Cited by:
  1. Furukawa, Yuichi, 2013. "The Struggle to Survive in the R&D Sector: Implications for Innovation and Growth," MPRA Paper 47728, University Library of Munich, Germany.

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