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

^*Corresponding author for this work

Research output: Indexed journal article › Article › peer-review

5 Citations (Scopus)

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.

Original language	English
Pages (from-to)	589-610
Number of pages	22
Journal	European Economic Review
Volume	52
Issue number	4
DOIs	https://doi.org/10.1016/j.euroecorev.2007.05.007
Publication status	Published - May 2008
Externally published	Yes

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 8 Decent Work and Economic Growth

Keywords

Growth
Market structure
Technological change

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10.1016/j.euroecorev.2007.05.007

Cite this

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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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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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DO - 10.1016/j.euroecorev.2007.05.007

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Spillovers and the competitive pressure for long-run innovation

Abstract

UN SDGs

Keywords

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