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http://hdl.handle.net/10419/54716
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| Title: | | Competition and persistence of R&D  |
| Authors: | | Wörter, Martin |
| Issue Date: | | 2011 |
| Series/Report no.: | | KOF working papers // KOF Swiss Economic Institute, ETH Zurich 290 |
| 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. |
| Subjects: | | R&D expenditures Persistence Innovation Competition Panel data Empirical investigation |
| JEL: | | O30 |
| Persistent Identifier of the first edition: | | doi:10.3929/ethz-a-006698629 |
| Document Type: | | Working Paper |
| Appears in Collections: | | KOF Working Papers, KOF Konjunkturforschungsstelle, ETH Zürich
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