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show how patent regimes can contribute more efficiently to innovation and economic performance. Topics covered include the … links between patents and economic performance, changes in patent regimes, patents and entrepreneurship, patents and …
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We estimate a standard production function with a new cross-country data set on business sector production, wages and R&D investment for a selection of 14 OECD countries including the United States. The data sample covers the years 1960-2004. The data suggest that growth differences can largely...
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method, a 1 % increase in patent per employee brings together a 0.245 % increase in TFP. The second analysis validates this … result as it suggests patent per employee growth Granger causes TFP to grow, while the inverse is not true. Furthermore, 0 ….35 % of the variance in the forecast error of TFP changes is explained by a unit shock in patent per employee growth …
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Innovation increases companies' competitive advantage and spurs nations' economic growth. Businesses and public … research organisations now patent more inventions than they did just a few years ago, and the number of patents filed in Europe …
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