Munich Personal RePEc Archive

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

Furukawa, Yuichi (2013): The Struggle to Survive in the R&D Sector: Implications for Innovation and Growth.

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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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