Modern growth theory puts invention on the center stage. Inventions are created by individuals, raising the question … invention, using data on U.S. patents’ Finnish inventors and the distance to the nearest technical university as an instrument …

rates. Further, the S&P 500 market seems to be well integrated, and the NASDAQ is generally (but not always) integrated. The …

assets traded on a given market share the same EMRS. The technique is also powerful enough to reject integration between the …

if the Southern market is sufficiently small relative to the North’s. The South can avert AD war with the North by … expanding the home market size. It may however trigger AD war by improving its R&D capability. The model yields results that are …

This paper investigates how the mode of entry into a foreign market can be influenced by the intensity of R&D in an … study the effect of the IPR regime of the host country (South) on a multinational’s decision between serving a market via …&D spillovers to a third firm under imperfect IPRs. JV is the equilibrium market structure when extra rents can be gained from a JV …

the market, and therefore, R&D becomes appropriable. Even though the innovation level remains the same as under free trade …