The debate on competition and innovation has produced a wide range of theoretical and empirical findings. Recently …, corporate governance quality has emerged as an additional factor that may complement or substitute for competition’s effect on … innovation. We aim to contribute to the debate by investigating whether product-market competition and corporate governance …

in EU15 have improved and whether such improvement has been driven by higher levels of competition in EU15 economies. To … this end, we provide a descriptive account of the competition and innovation indicators from 1980-2008. Then, we discuss … the relationship between market structure (level of competition) and innovation; and estimate the impact of the former on …