How Does Expropriation Risk Affect Innovation?
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We analyze how expropriation risk reduces incentives for innovation and reallocates resources from the innovative sector, building on Romers(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
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美国国家经济研究局创建时间：
2024-04-01
