McAleer, Michael (contributor); … - 2005
intuitively and empirically appealing. This book investigates the impact of U.S.A. patent activity on technical change in 35 … marginal rate of technical substitution (MRTS) between inputs of the GFT production function over time.It is found that all … inputs over time, with foreign patents granted being the most 'effective' parameter, and unsuccessful patent applications the …