Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5059333 | Economics Letters | 2013 | 4 Pages |
Abstract
By allowing for investment activities by research and development (R&D) firms to prevent product obsolescence, we show that if legal patent protection is too strong, a higher R&D subsidy rate delivers insufficient investments for survival in the R&D sector, depressing innovation and growth in the long run.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Yuichi Furukawa,