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This article investigates the impact of the introduction of the patent box/IP regime on foreign direct investment (FDI) inflows in R&D and related activities, including design, developing, and testing activities, using city level data. The data are based on approximately 1,200 cities in 80 countries. Results obtained by use of a difference‐in‐differences estimator show that the introduction of...
The present paper provides new estimates of the impact of investment in R&D on long-term economic growth. In particular, we estimate a dynamic empirical growth model using panel data for OECD countries from 1970 to 2004. This study is the first to investigate whether the specialization of R&D activities (i.e. share of R&D investment in the high-tech sector) has an additional effect on...
This paper re-examines the determinants of growth of GDP per capita using panel data for OECD countries for the period 1970–1999 with data averaged over five-year periods from new perspectives. First, we introduce indicators of innovation input and technological specialization simultaneously into the empirical growth equation. Second, we employ the system-GMM (Generalized-Method-of-Moments) panel...
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