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

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.

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Year of publication:	2013
Authors:	Furukawa, Yuichi
Published in:	Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 121.2013, 1, p. 26-29
Publisher:	Elsevier
Subject:	Firm survival \| R&D subsidy \| Patent breadth \| Endogenous growth

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Type of publication:	Article
Classification:	O31 - Innovation and Invention: Processes and Incentives ; O34 - Intellectual Property Rights: National and International Issues ; O41 - One, Two, and Multisector Growth Models
Source:	RePEc - Research Papers in Economics

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