The struggle to survive in the R&D sector: Implications for innovation and growth

Yuichi Furukawa

Economics Letters, 2013, vol. 121, issue 1, 26-29

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.

Keywords: Firm survival; R&D subsidy; Patent breadth; Endogenous growth (search for similar items in EconPapers)
JEL-codes: O31 O34 O41 (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (12)

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Working Paper: The Struggle to Survive in the R&D Sector: Implications for Innovation and Growth (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:121:y:2013:i:1:p:26-29

DOI: 10.1016/j.econlet.2013.06.037

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