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This paper develops a product cycle model with endogenous and costly innovation, imitation, and foreign direct … resource scarcity in the South back to the North and consequently contracts innovation …
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affect firms' innovation strategy choices, concretely, whether to abstain from innovation, to introduce products that are … known in the market but new to the firm (imitation) or to introduce market novelties (innovation). Using a sample of 1253 … effectiveness is low or medium, both innovation and imitation are enhanced, whereas if it is high, only innovation is enhanced …
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