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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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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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