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

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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Year of publication:	2013-05
Authors:	Furukawa, Yuichi
Institutions:	Volkswirtschaftliche Fakultät, Ludwig-Maximilians-Universität München
Subject:	Firm survival \| R&D subsidy \| patent breadth \| endogenous growth

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Extent:	application/pdf
Series:	MPRA Paper.
Type of publication:	Book / Working Paper
Classification:	O31 - Innovation and Invention: Processes and Incentives ; O34 - Intellectual Property Rights: National and International Issues ; O41 - One, Two, and Multisector Growth Models
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011111467