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The paper deals with the problem of business spending on research and development and their relation to innovation … activities. It is focused on R&D in the business sector as a crucial part of the innovation system. R&D expenditure can be seen … as the main precondition of successful innovation. However, the successful transformation of R&D investment into …
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Many studies investigate the relationship between R&D expenditures as an input and patents as an intermediate product or output of a knowledge production function. We suggest that the productivity of research in patent production functions has been underestimated in the literature, as scholars...
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