The aim of this paper is to assess the level of competition prevailing in the Spanish banking system. The current … banks. In both settings, a noteworthy increase in the degree of competition is identified at the turn of the eighties, when … hypothesis which states that concentration impairs competition …

Growth launched its “Southern Innovation Initiative” noting that “The South’s competitiveness relies on establishing a … culture of innovation – the ability to continuously invent and bring high value products and processes to the global … marketplace. Technology is the primary tool for innovation.” Thus, the fundamental question for the 2006 policy research project …

account firm heterogeneity. We find support for the prediction that competition has a negative effect on innovation … important channels for domestic firm innovation. We do not find support for the inverted U effect of competition on innovation … more likely to display the inverted U relationship between competition and innovation. …

relationship between competition and innovation, Aghion, Dewatripont and Rey (1999) showed that this could be reversed if agency …Transition has entailed the introduction of policies to stimulate product market competition, to establish effective … considerations were introduced. In their model competition acts as an incentive mechanism to reduce managerial slack, which produces …