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We test whether predictions of the Aghion and Howitt (2004) model are supported by firm level data. In particular, we analyze if there is an inverted U-shaped relation between competition and R&D. Results show that the inverted U-shaped relation is supported by the Herfindahl index but not by...
Persistent link: https://www.econbiz.de/10005644878
We test whether predictions of the Aghion and Howitt (2004) model are supported by firm level data. In particular, we analyze if there is an inverted U-shaped relation between competition and R&D. Results show that the inverted U-shaped relation is supported by the Herfindahl index but not by...
Persistent link: https://www.econbiz.de/10005207106
, understanding the drivers of R&D is crucial. An interesting question is the role of technology spillovers, transferred by trade, and … spillovers affect firm R&D but also the relatively unexplored issue of how relationship-specific interactions between buyer and … seller affect such spillovers. We find international technology spillovers to be larger and more significant than domestic …
Persistent link: https://www.econbiz.de/10010866156
Over the last two decades EU countries experienced diverging productivity growthdevelopments. By examining the sources of EU countries growth drivers on the sectorallevel, the paper takes a new look on the influence of innovations. While standard neoclassicalNon-ICT capital deepening turns out...
Persistent link: https://www.econbiz.de/10010312160
The central prediction of the Aghion et al. (2005) model is an inverted U-shaped relation between innovation and competition. The model is built on the assumption of a product market and has not yet been empirically tested on service-sector firms. Using detailed firm-level data, we find the...
Persistent link: https://www.econbiz.de/10010281438
Over the last two decades EU countries experienced diverging productivity growthdevelopments. By examining the sources of EU countries growth drivers on the sectorallevel, the paper takes a new look on the influence of innovations. While standard neoclassicalNon-ICT capital deepening turns out...
Persistent link: https://www.econbiz.de/10005013223
The central prediction of the Aghion et al. (2005) model is an inverted U-shaped relation between innovation and competition. The model is built on the assumption of a product market and has not yet been empirically tested on service-sector firms. Using detailed firm-level data, we find the...
Persistent link: https://www.econbiz.de/10005190828
In this study we derive a structural econometric model of learning by doing with multiproduct competition from a dynamic oligopoly game. We show the importance to account for multiproduction effects through product differentiation when measuring learning by doing. Using quarterly firm-level data...
Persistent link: https://www.econbiz.de/10005497705
In the U.S. real estate market, around 30 percent of listed properties remain unsold. We examine whether unsold property listings exert externalities in the housing market. Our study builds on a comprehensive dataset that encompasses residential property listings in Orange County (California)...
Persistent link: https://www.econbiz.de/10013440434
This article studies the contribution of technological and knowledge spillovers towards the competitiveness of South … and development (R&D) in spillovers, but seldom consider their effect simultaneously. This study focuses on the micro … manufacturers. The study reveals that direct foreign investments and ownership contribute little towards secondary spillovers, which …
Persistent link: https://www.econbiz.de/10010929457