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Recent innovation literature has documented the benefits of cross-pollination of ideas across a wide set of industries and technology fields in an economy. Industrial and trade policies, by contrast, tend to favor economic specialization through the promotion of selected sectors. In this paper...
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This paper deals with the effects of publicly funded research at universities, polytechnics and federal research labs … public research institutions. In questioning 2,300 companies we found that less than one tenth of product or process … innovating firms introduced innovations between 1993 and 1995 that would not have been developed without public research. These …
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