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' innovation ability. The World Bank's Enterprise Survey is used first to estimate the return to firms' innovation across many … developing countries, in terms of sales and sales per worker. Then the return to innovation is compared across countries with … quality, property and patent right protection), the return to firms' innovation is lower. This suggests that poor …
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markets, taxes, infrastructure, skills, innovation, trade policy, rule of law and financial markets. Beyond changing the rules …
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This paper develops a self-enforcing contract model to show that better economic fundamentals can help when there is weak rule of law-but with order-to attract foreign direct investment, whereas lowering taxes does not necessarily help. Using a cross-region Chinese dataset, the analysis finds...
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