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Author
Date
2011-11Type
- Working Paper
ETH Bibliography
yes
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Abstract
This paper investigates the R&D persistence of R&D active firms in different markets with different intensities of competition, based on firm-level panel data for the period 1996-2008. In a dynamic setting of the empirical model it turns out that persistence is strongly related to market competition (measured by the number of principal competitors). Persistence of R&D expenditures is more likely to be observed in markets with few principal competitors (between 6 and 10) and is very unlikely to be observed in polypolistic type of markets (more than 50 competitors). These results call for a stronger coordination between competition policy and innovation promotion policy, since the former basically aims at larger markets with many competitors, while the latter aims at persistence of R&D efforts and thus markets with fewer competitors. Show more
Permanent link
https://doi.org/10.3929/ethz-a-006698629Publication status
publishedJournal / series
KOF Working PapersVolume
Publisher
KOF Swiss Economic Institute, ETH ZurichSubject
Persistence; FORSCHUNG UND ENTWICKLUNG; R&D expenditures; Empirical investigation; RESEARCH AND DEVELOPMENT; Panel data; MARKET FORM + MARKET STRUCTURE; INNOVATIONSFÖRDERUNG; WIRTSCHAFTLICHER WETTBEWERB; MARKTFORMEN + MARKTSTRUKTUR; INNOVATION PROMOTION; Innovation; ECONOMIC COMPETITION; EMPIRICAL SOCIAL RESEARCH (SOCIAL SCIENCES); Competition; EMPIRISCHE SOZIALFORSCHUNG (SOZIALWISSENSCHAFTEN)Organisational unit
02525 - KOF Konjunkturforschungsstelle / KOF Swiss Economic Institute
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ETH Bibliography
yes
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