Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/36382 
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dc.contributor.authorWörter, Martinen
dc.contributor.authorRammer, Christianen
dc.contributor.authorArvanitis, Spyrosen
dc.date.accessioned2010-07-01-
dc.date.accessioned2010-07-07T13:29:26Z-
dc.date.available2010-07-07T13:29:26Z-
dc.date.issued2010-
dc.identifier.urihttp://hdl.handle.net/10419/36382-
dc.description.abstractThis paper analyses the relationship between past innovation output, competition, and future innovation input in a dynamic econometric setting. We distinguish two dimensions of competition that correspond to the concepts of product substitutability and entry barriers due to fixed costs. Based on firm-level panel data for Germany and Switzerland we obtain consistent results for both countries. Innovation output in t-1 as measured by the sales share of innovative products is positively related to the degree of product obsolescence in t, and negatively to the degree of substitutability in t in both countries. Further, we find that rapid product obsolescence provides positive incentives for higher - primarily product-oriented - R&D investments in t+1, while high substitutability exerts negative incentives for future R&D investment.en
dc.language.isoengen
dc.publisher|aZentrum für Europäische Wirtschaftsforschung (ZEW) |cMannheimen
dc.relation.ispartofseries|aZEW Discussion Papers |x10-039en
dc.subject.jelO3en
dc.subject.ddc330en
dc.subject.keywordInnovationen
dc.subject.keywordR&Den
dc.subject.keywordCompetitionen
dc.subject.stwInnovationswettbewerben
dc.subject.stwProduktsubstitutionen
dc.subject.stwWettbewerben
dc.subject.stwIndustrielle Forschungen
dc.subject.stwÖkonomischer Anreizen
dc.subject.stwTheorieen
dc.subject.stwDeutschlanden
dc.subject.stwSchweizen
dc.titleInnovation, competition and incentives for R&D-
dc.type|aWorking Paperen
dc.identifier.ppn630427380en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:zewdip:10039en

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