Blazsek, Szabolcs; Escribano, Alvaro - Departamento de Economía, Universidad Carlos III de Madrid - 2009
enhanced studies of the determinants of patents and the impact of patents on innovation and competitive advantage. Sustaining … rewards for innovation, more R&D should be reflected in more patents applications but this is not the end of the story. There … patents. Furthermore, innovation creates important knowledge spillovers due to its imperfect appropriability. Our paper …