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COMPETITION AND INNOVATION:AN INVERTED-U RELATIONSHIP
COMPETITION INNOVATION INVERTED-U RELATIONSHIP
2015/7/15
This paper investigates the relationship between product market competition and innovation. We find strong evidence of an inverted-U relationship using panel data. We develop a model where competition...
Innovation,Reallocation and Growth
Entry Growth Industrial Policy Innovation R＆D Reallocation Selection Business Ventures
2015/4/28
We build a model of firm-level innovation, productivity growth and reallocation featuring endogenous entry and exit. A key feature is the selection between high- and low-type firms, which differ in te...
Capitalizing On Innovation: The Case of Japan
Globalized Markets and Industries Government Legislation Innovation and Invention Industry Structures
2015/4/23
Japan's industrial landscape is characterized by hierarchical forms of industry organization, which are increasingly inadequate in modern sectors, where innovation relies on platforms and horizontal e...