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Information about the success of a new technology is usually held asymmetrically between the research and development (R&D)-performing firm and potential lenders and investors. This raises the cost of capital for financing R&D externally, resulting in financing constraints on R&D especially for...
Persistent link: https://www.econbiz.de/10010333110
innovation and international technology transfer in general.  The literature suggests that patent protection in a host country … encourages technology transfer to that country but that its impact on innovation and development is much more ambiguous.  We then … externalities, implies that IP may not be the ideal and cannot be the only policy instrument to encourage innovation in this area …
Persistent link: https://www.econbiz.de/10011004303