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Competition and Innovation : An Inverted U Relationship

Aghion, Philippe - 2002

This paper investigates the relationship between product market competition (PMC) and innovation. A growth model is … reduce innovation incentives for laggards. There are four key predictions. First, the relationship between product market … competition (PMC) and innovation is an inverted U-shape. Second, the equilibrium degree of technological neck-and-neckness' among …

Persistent link: https://www.econbiz.de/10012469440

A comment on innovation in The Environment and Directed Technical Change

Wiskich, Anthony - 2019

Persistent link: https://www.econbiz.de/10012224510

The middle-income trap from a Schumpeterian perspective

Aghion, Philippe; Bircan, Cagatay - 2017

We provide an outline for viewing the middle-income trap through the lens of the Schumpeterian growth paradigm, which places the notion of creative destruction at the center of economic growth. Economic growth and development come from the interplay between changes in economic structure and...

Persistent link: https://www.econbiz.de/10011723084