@techreport{Worter2011Competition,
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.},
address = {Z\"{u}rich},
author = {Martin W\"{o}rter},
copyright = {http://www.econstor.eu/dspace/Nutzungsbedingungen},
doi = {10.3929/ethz-a-006698629},
keywords = {O30; 330; R&D expenditures; Persistence; Innovation; Competition; Panel data; Empirical investigation; Industrielle Forschung; Dauer; Internationaler Wettbewerb; Innovationspolitik; Schweiz},
language = {eng},
number = {290},
publisher = {KOF},
title = {Competition and persistence of R&D},
type = {KOF working papers // KOF Swiss Economic Institute, ETH Zurich},
url = {http://hdl.handle.net/10419/54716},
year = {2011}
}
