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research arising from the genome case, the paper shows that in some fundamental research areas, where knowledge externalities … some features of an optimal research policy. …
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positively related to research and development investments, while openness to trade has a negative effect. I also find the …. However, in both sub-samples, research and development investments Granger-cause intellectual property protection levels …, whereas surprisingly, intellectual property protection does not Granger-cause research and development investments. …
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