The Struggle to Survive in the R&D Sector: Implications for Innovation and Growth
Yuichi Furukawa ()
MPRA Paper from University Library of Munich, Germany
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)
New Economics Papers: this item is included in nep-cse, nep-fdg, nep-ino, nep-ipr, nep-pr~ and nep-tid
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Journal Article: 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:pra:mprapa:47728
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