Beschreibung: | * I received useful comments from participants at seminars at the National University of Singapore; Singapore Management University; and the Zentrum für Europäische Wirtschaftsforschung Workshop on the Empirical Economics of Innovation and Patenting, Mannheim, Germany, March 14–15, 2003, particularly from Gamal Atallah. The article was also improved by the very helpful suggestions of two anonymous referees. Goh Chun Keong provided dedicated research assistance. Financial support from the National University of Singapore Academic Research Fund (R‐122‐000‐058‐112) is gratefully acknowledged. The usual caveat applies |