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Tekijä: | Gustavsson Tingvall, P. Poldahl, A. |
Otsikko: | Is there really an inverted u-shaped relation between competition and R&D? |
Lehti: | Economics of innovation and new technology
2006 : MAR, VOL. 15:2, p. 101-118 |
Asiasana: | competition indexation R&D |
Kieli: | eng |
Tiivistelmä: | This paper test whether predictions of the Aghion et al. model are supported by firm-level data. The authors analyze if there is an inverted U-shaped relation between competition and R&D. It is shown that the inverted U-shaped relation is supported by the Herfindahl index but not by the price cost margin. The results obtained by using the Herfindahl index suggest that breaking up monopolies increases R&D, whereas further increases in competition most likely lead to reduced R&D. |
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