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Patent Rights, Product Market Reforms, and Innovation. Philippe Aghion, May 24, 2014, Paper. "In this paper, we provide empirical evidence to the effect that strong patent rights may complement competition-increasing product market reforms in inducing innovation. First, we find that the product market reform induced by the large-scale internal market reform of the European Union in 1992 enhanced innovation in industries of countries where patent rights are strong, but not in industries of countries where patent rights are weak. Second, the positive innovation response to..." Link verified September 8, 2014