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In evaluating the effectiveness of R&D subsidies, the literature has focused on potential crowding out effects, while the possibility of misappropriation of public funds that results from moral hazard behavior has been completely neglected. This study develops a theoretical framework with which...
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innovators. By examining citations from the universe of PCT patent applications between 2000 and 2020, we determine the strength …. Although China has filed the most patent applications in recent years, bilaterally it remains dependent on all other geographic …
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