Spillovers and the competitive pressure for long-run innovation

Ana Balcão Reis; D. Traça

doi:10.1016/j.euroecorev.2007.05.007

Spillovers and the competitive pressure for long-run innovation

Ana Balcão Reis, D. Traça

Producció científica: Article en revista indexada › Article › Avaluat per experts

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Resum

This paper discusses the impact of oligopolistic product markets for innovation and growth, highlighting a novel, fundamental role of spillovers. We develop a model of endogenous growth with non-tournament R&D, where spillovers raise the relative R&D efficiency of laggards. A key feature is that the rate of innovation and the market configuration (i.e. the distribution of market shares) are jointly determined. Our results emphasize the role of spillovers in sustaining the competitive pressure that is fundamental for long-run innovation and economic growth.

Idioma original	Anglès
Pàgines (de-a)	589-610
Nombre de pàgines	22
Revista	European Economic Review
Volum	52
Número	4
DOIs	https://doi.org/10.1016/j.euroecorev.2007.05.007
Estat de la publicació	Publicada - de maig 2008
Publicat externament	Sí

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10.1016/j.euroecorev.2007.05.007

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title = "Spillovers and the competitive pressure for long-run innovation",

abstract = "This paper discusses the impact of oligopolistic product markets for innovation and growth, highlighting a novel, fundamental role of spillovers. We develop a model of endogenous growth with non-tournament R&D, where spillovers raise the relative R&D efficiency of laggards. A key feature is that the rate of innovation and the market configuration (i.e. the distribution of market shares) are jointly determined. Our results emphasize the role of spillovers in sustaining the competitive pressure that is fundamental for long-run innovation and economic growth.",

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AU - Traça, D.

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AB - This paper discusses the impact of oligopolistic product markets for innovation and growth, highlighting a novel, fundamental role of spillovers. We develop a model of endogenous growth with non-tournament R&D, where spillovers raise the relative R&D efficiency of laggards. A key feature is that the rate of innovation and the market configuration (i.e. the distribution of market shares) are jointly determined. Our results emphasize the role of spillovers in sustaining the competitive pressure that is fundamental for long-run innovation and economic growth.

KW - Growth

KW - Market structure

KW - Technological change

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Spillovers and the competitive pressure for long-run innovation

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