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Momentous developments in the global economy over the last two decades have dramatically increased the availability of industrial investment sites and lowered the cost of relocating core activities to new countries. But how should these developments be exploited for competitive advantage? Firms...
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We identify strong cross-border institutions as a driver for the globalization of in-novation. Using 67 million patents … from over 100 patent offices, we introduce novel measures of innovation diffusion and collaboration. Exploiting staggered … result in techno-logical convergence. The effects are particularly strong for process innovation, and for countries that are …
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