Spillovers and the competitive pressure for long-run innovation

被引：4
|
作者：
Reis, Ana Balcao [1 ]
Traca, Daniel A. [2 ,3 ]
机构：
[1] Univ Nova Lisboa, Fac Econ, P-1200 Lisbon, Portugal
[2] Univ Libre Bruxelles, Solvay Business Sch, Brussels, Belgium
[3] CEPR, London, England
来源：
EUROPEAN ECONOMIC REVIEW | 2008年 / 52卷 / 04期
关键词：
technological change; market structure; growth;
D O I：
10.1016/j.euroecorev.2007.05.007
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This paper discusses the impact of oligopolistic product markets for innovation and growth, highlighting a novel, fundamental role of spillovers. We develop a model of endogenous growth with non-tournament R&D, where spillovers raise the relative R&D efficiency of laggards. A key feature is that the rate of innovation and the market configuration (i.e. the distribution of market shares) are jointly determined. Our results emphasize the role of spillovers in sustaining the competitive pressure that is fundamental for long-run innovation and economic growth. (C) 2007 Elsevier B.V. All rights reserved.
引用
收藏
页码：589 / 610
页数：22
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