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The pace of innovation is related both to the level of investment in innovation and the pool of knowledge from which innovators can draw. Both of these are endogenous: Investments in innovations are affected by the pool of knowledge and the ability of firms to appropriate the returns to their...
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The pace of innovation is related both to the level of investment in innovation and the pool of knowledge from which innovators can draw. Both of these are endogenous: Investments in innovations are affected by the pool of knowledge and the ability of firms to appropriate the returns to their...
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theory and on the grounds of the historical record of nowadays developed and emergent economies. In developed countries, the … both theory and historical experience suggest that loose and limited IPR are most conducive to knowledge accumulation and …
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