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This paper studies how national research subsidies affect productivity growth and national welfare through adjustments … country's share of innovation and raises the rate of productivity growth. Although the non-implementing country experiences a …
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Spillovers have usually been undertaken at the country level, the spillover effects can be more definitive only if the analysis is conducted at the industry-level. This paper therefore attempts to identify spillovers by disentangling technological innovations into intra- and inter-national...
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