Incentives to innovate: A survey
Incentives to innovate are a central element of innovation theory and the understanding of how incentives work is crucial for the formulation of a sensible technological policy. From a private point of view, innovators privately fund innovation and then use intellectual property protection mechanisms to appropriate returns from these investments. For other types of agents, such as academic researchers or public-private consortia, the incentives may also involve personal reputation and career advancements.
KeywordsForeign Direct Investment Intellectual Property Foreign Firm Domestic Firm Patent Protection
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