Koike-Mori, Yasutaka; Maruyama, Toshitaka; Okumura, Koki - 2023
employing establishments and patent, we find that, compared to general workers, inventors tend to transition to less productive … calibrate the model to reflect these empirical findings and examine the effects of innovation policy. While subsidies provided … discourage innovation within frontier firms. The former positive effect dominates in the short term, but the latter negative …