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

^*Autor/a de correspondencia de este trabajo

Producción científica: Artículo en revista indizada › Artículo › revisión exhaustiva

5 Citas (Scopus)

Resumen

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	Inglés
Páginas (desde-hasta)	589-610
Número de páginas	22
Publicación	European Economic Review
Volumen	52
N.º	4
DOI	https://doi.org/10.1016/j.euroecorev.2007.05.007
Estado	Publicada - may 2008
Publicado de forma externa	Sí

ODS de las Naciones Unidas

Este resultado contribuye a los siguientes Objetivos de Desarrollo Sostenible

ODS 8: Trabajo decente y crecimiento económico

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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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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.

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KW - Market structure

KW - Technological change

UR - https://www.scopus.com/pages/publications/43149083097

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Spillovers and the competitive pressure for long-run innovation

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