Recent liberalization of technology flows in several less developed nations necessitates study into the possible effects of this significant shift in policy. This paper uses a unique firm-level dataset, modeling the choice between R&D expenditures and technology licensing behavior in Brazil,...

With the recent liberalization of technology flows, changes in the pattern of domestic invention can be expected in Brazil. This paper models the decision of a firm to engage in innovative activity and to protect the results of that activity. Using a unique firm-level dataset collected for this...