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volume. In fact, no sales, let alone profits, were ever made from this innovation. In 1924, Toyoda also perfected the Type G … intentional or not, perhaps the message is the one given at face value: that technological innovation is its own reward, and … should be appraised on its own noncommercial merits. While the process of innovation is certainly related to a corporation …
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Utilizing industry-level foreign direct investment (FDI) from 72 source markets to 122 destination markets between 2003 to 2018, we apply a differences-in-differences approach to evaluate the response of technology FDI to recessions. We find that research and development (R&D) intensive FDI...
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