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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 … study provides three new insights: (a) R&D expenditure yields more patents in the USA but this is due to Europe's superior …
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Using an internationally linked patent database, this paper compares the types of R&D activities undertaken by multinationals in China by home country and industry. In China, multinationals recently began investing in R&D, mainly in the areas of product and manufacturing process development....
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