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The Struggle to Survive in the R&D Sector: Implications for Innovation and Growth

  • Furukawa, Yuichi

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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File URL: http://mpra.ub.uni-muenchen.de/47728/1/MPRA_paper_47728.pdf
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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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  4. 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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  11. Thoenig, Mathias & Verdier, Thierry, 2002. "A Theory of Defensive Skill-based Innovation and Globalization," CEPR Discussion Papers 3416, C.E.P.R. Discussion Papers.
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