This paper investigates the relationship between product market competition (PMC) and innovation. A Schumpeterian …, competition may also reduce innovation incentives for laggards. This model generates four main predictions which we test … empirically. First, the relationship between product market competition (PMC) and innovation is an inverted U-shape: the escape …

presents some empirical evidence on the e®ects of innovation on employment growth and therefore on ¯rms' productivity with the … innovation. The sources of employment growth during the period are split equally between the net contribution of product … innovation and the net contribution from sales growth of old products. However, the contribution of product innovation is …

presents some empirical evidence on the effects of innovation on employment growth and therefore on firms' productivity with … stemming from process innovation. The sources of employment growth during the period are split equally between the net … contribution of product innovation and the net contribution from sales growth of old products. However, the contribution of product …