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What is the optimal number of currencies in the world? Common currencies affect trading costs and, thereby, the amounts …
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production by other countries raises the bar for producing new-to-the-world technology domestically, outweighing the positive …
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Motivated by differences in R&D productivity across advanced economies, this paper presents an empirical examination of the determinants of country-level production of international patents. We introduce a novel framework based on the concept of national innovative capacity. National innovative...
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