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database which includes licensing agreements in the semiconductor industry between 1989 and 1999, we estimate a bivariate …
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This paper examines the idea that the USA has outshined Europe in the race for new medicines as a result of a flight of business R&D expenditure to the USA. It adopts a methodology that accounts for R&D price inflation, considers the role of both ‘performed' R&D and ‘extra-mural' R&D, and...
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