Braguinsky, Serguey; Gabdrakhmanov, Salavat; Ohyama, Atsushi - In: Review of Economic Dynamics 10 (2007) 4, pp. 729-760
Empirical evidence on industry life-cycle reveals a pattern in which innovation rates remain fairly stable or are perhaps even higher at early stages, while patenting increases sharply as the industry matures. This increase in patenting in later stages is accompanied by net exit and lower rates...