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Competition and private R&D investment

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Academic year: 2021

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Figure

Fig 1 illustrates how product rivalry and technology spillovers mediate optimal process R&D investments
Table 2. Average measures of β and σ gr for intra industry (n) and cross (x) industry dyads.
Table 4 presents the results, where all sets of exclusion restrictions pass the Hansen test of validity of instruments
Table 4. Firm-level reaction functions with contemporaneous R&D investments of the mean rival firm
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