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excessive (greater than first-best) R&D investment and output growth. -- legal system ; commitment ; flexibility ; innovation …We analyze the relationship between legal institutions, innovation and growth. We compare a rigid (law set ex … welfare, amount of innovation and output growth at intermediate stages of technological development - periods when legal …
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We analyze the relationship between legal institutions, innovation and growth. We compare a rigid (law set ex … welfare, amount of innovation and output growth at intermediate stages of technological development - periods when legal …
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The present paper assesses the interactions between innovation and economic institutions within the context of the …
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