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References

Arrow. Kenneth (1962), “Economic welfare and the allocation of resources for invention.” In Richard Nelson ed The Rate and Direction of Inventive Activity (Princeton University Press: Princeton).

Bernstein, Jeffrey I. and M. Ishaq Nadiri (1991) “Product demand, cost of production, spillovers, and the social rate of return to R&D.” National Bureau of Economic Research, Working Paper No 3625. <http://papers.nber.org/papers/w3625.pdf>

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