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Economic literature describes drastic and non-drastic innovations as sources of marginal cost reduction. The difference … is that non-drastic innovations are unable to reduce the new marginal cost in order to ensure that the innovator is able …
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The main objective of this paper is to analyze the links between product market competition, innovation and growth. We capture the idea that firms innovate in order to try to escape - albeit temporarily - from the pressure of competition exerted on them by their rivals. At each date, an industry...
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innovation indicator, respectively. Three conclusions emerge. First, we find that the specification where innovations per capita … capita show that R&D efforts within regions affect innovations per capita positively, except for the regions with the lowest …
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