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Accumulation and Productivity Growth in Industrializing Economies

Robertson, Peter E.; Landon-Lane, John S. - 2003

Historically, episodes of rapid growth are accompanied by significant structural change. In this paper we therefore aim to quantify the extent to which factor accumulation induces structural change and productivity growth in industrializing economies. To fix ideas we present an extension of...

Persistent link: https://www.econbiz.de/10010263207

Robust cyclical growth

Mukherji, Anjan - 2003

The stability of cyclical growth within the context of a model in Matsuyama (1999) is examined. It is shown that but for an extreme situation, the two-cycles are unique and a range of parameter values which imply the stability of such cyclical growth is derived. The growth enhancing property of...

Persistent link: https://www.econbiz.de/10010332291

Innovation Shortfalls

Maloney, William; Rodríguez-Clare, Andrés - 2005

There is a common perception that low productivity or low growth is due to what can be called an `innovation shortfall …,` usually identified as a low rate of investment in research and development (RD) compared with some high-innovation countries … problems that impede accumulation of all kinds of capital. When does a country suffer from an innovation shortfall above and …

Persistent link: https://www.econbiz.de/10010327177

Quality improvement to meet competitive fringe

Matsushima, Noriaki; Liu, Ren-Jye - 2012

We investigate what kind of competitive pressure induces existing firms to engage in more intensive innovation …

Persistent link: https://www.econbiz.de/10010332353

The relation between competition and innovation: Why is it such a mess?

Schmutzler, Armin - 2010

Using a general two-stage framework, this paper gives sufficient conditions for increasing competition to have negative or positive effects on R&D-investment, respectively. Both possibilities arise in plausible situations, even if one uses relatively narrow definitions of increasing competition....

Persistent link: https://www.econbiz.de/10010315513

Competition and innovation: An experimental investigation

Sacco, Dario - 2007

The paper analyzes the effects of competitive intensity on firms' incentives to invest in process innovations through an experiment based on two-stage games, where R&D investment choices are followed by product market competition. An increase in the intensity of competition is modeled as an...

Persistent link: https://www.econbiz.de/10010315551

Competition and innovation: An experimental investigation

Sacco, Dario; Schmutzler, Armin - 2008

The paper analyzes the effects of more intense competition on firms' incentives to invest in process innovations. We carry out experiments based on two-stage games, where R&D investment choices are followed by product market competition. As predicted by theory, an increase in the number of firms...

Persistent link: https://www.econbiz.de/10010315588

What factors determine the number of trading partners?

Matsushima, Noriaki; Shinohara, Ryusuke - 2011

The purpose of the paper is to provide a simple model explaining buyer-supplier relationships and show what factors determine the number of trading partners. We show that when the supplier is able to determine the number of trading partners, the optimal number is small if the supplier's...

Persistent link: https://www.econbiz.de/10010332385

Multi-market competition, R&D, and welfare in oligopoly

Kawasaki, Akio; Lin, Ming Hsin; Matsushima, Noriaki - 2010

We investigate a multi-market Cournot model with strategic process R&D investments wherein a multi-market monopolist meets entrants that enter one of the markets. We find that entry can enhance the total R&D expenditure of the incumbent firm. That is, entry can stimulate R&D effort. Moreover,...

Persistent link: https://www.econbiz.de/10010332451

Horizontal Mergers, Firm Heterogeneity, and R&D Investments

Matsushima, Noriaki - 2009

We investigate the incentive and the welfare implications of a merger when heterogeneous oligopolists compete both in process R&D and on the product market. We examine how a merger affects the output, investment, and profits of firms, whether firms have merger incentives, and, if so, whether...

Persistent link: https://www.econbiz.de/10013156465