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 …

economic activity, multinationality and innovation. The paper identifies the consensus view which is emerging in the literature … they promote innovation. The paper tests whether this relationship is evident in Great Britain using data derived from the … UKís Annual Foreign Direct Investment survey and the UKís Community Innovation Survey 2007. It addresses a surprising gap …