Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/254244 
Year of Publication: 
2021
Series/Report no.: 
IFS Working Paper No. W21/43
Publisher: 
Institute for Fiscal Studies (IFS), London
Abstract: 
We examine the economic analysis of the relationship between innovation and product market competition. First, we give a brief tour of the intellectual history of the area. Second, we examine how the Aghion-Howitt framework has influenced the development of the literature theoretically and (especially) empirically, with an emphasis on the 'inverted U': the idea that innovation rises and then eventually falls as the intensity of competition increases. Thirdly, we look at recent applications and development of the framework in the areas of competition policy, international trade and structural Industrial Organization.
Subjects: 
Competition
Innovation
Creative Destruction
JEL: 
O31
L13
O32
B20
L40
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

Files in This Item:
File
Size
563.88 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.