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Innovation, Entrepreneurship, and the Economy in the US, China, and India by Harini Mittal, Zhijie Gao, Rajiv Shah

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Chapter 3

Economy

Abstract

Among the “right circumstances” that encourage innovative behavior, one of the most important factors is the economy. The three key measures of economy that impact technological innovation are R&D expenditures, foreign direct investment and its impact on the flow of knowledge and technology, and the quantity and quality of intellectual property. We discuss these topics for China and India and trace their evolution and effect through time and compare these to the United States.

Keywords

FDI inflows

FDI outflows

GDP per capita

GDP per capita on a PPP basis

Patent applications

R&D expenditures

United States, China, and India: Economy

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