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gains taxation, innovation subsidies, public R&D spending and other policy initiatives. …
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may be positive or negative, depending on foreign countries' trade position. -- innovation ; financial development ; R …
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This paper proposes a model where heterogeneous firms choose whether to undertake R&D or not. Innovative firms are more productive, have larger investment opportunities and lower own funds for necessary tangible continuation investments than non-innovating firms. As a result, they are...
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innovation endogenously determines the dynamics of technology, and, therefore, market leadership and trade flows, in a world with … innovation motive, (ii) the expansionary innovation motive, and (iii) technology spillovers. The theoretical investigation …, dynamically, intensified globalization boosts domestic innovation through induced international competition. Accounting for …
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gains taxation, innovation subsidies, public R&D spending and other policy initiatives …
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