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This paper studies how the assignment of patents as collateral determines the savings of firms and magnifies the effect of innovative rents on investment in research and development (R&D). We analyse the behaviour of innovative firms that face random and lumpy investment opportunities in R&D....
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ISTAT, the National Institute of Statistics, including data from three waves of Community Innovation Surveys. The model we … effects of innovative efforts, and the feedbacks between economic success and the ability to sustain innovation expenditure. …
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This article explores the way economic cycles influence the relationship between innovation and employment in …
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