Benavente H., José Miguel; Bravo Ortega, Claudio; … - National Bureau of Economic Research - 2024
sector, building on Romer's(1990) model. Our framework predicts the R&D expenditure, the share of human capital in R&D, the … number of patents, technical progress, and economic growth are all lower due to lower expected profits and patent devaluation … risk, such as corruption, negatively impacts innovation by reducing R&D expenditure, human capital in R&D, number of …