We analyze the impact of product market competition on unemployment and wages, and how this depends on labour market … competition. We find that increased product market competition reduces unemployment, and that it does so more in countries with …. We also find that the effect of increased competition on real wages is beneficial to workers, but less so when they have …

This paper investigates the relationship between product market competition (PMC) and innovation. A Schumpeterian … engage in R&D activities. In this model, competition may increase the incremental profit from innovating; on the other hand …, competition may also reduce innovation incentives for laggards. This model generates four main predictions which we test …

European Union countries have implemented widespread reforms to product markets in order to stimulate competition … (SMP) were associated with increased product market competition, as measured by a reduction in average profitability, and … reforms on average profitability, and the effects of profitability on innovation and productivity growth. – Competition …

Policy makers in Europe have been concerned that lack of product market competition have led productivity to lag behind … the US. Theoretical models are ambiguous about the direction of the effect that product market competition should have on … productivity. On the one hand increasing competition lowers firm's profits and thus reduces incentives to exert effort (the …

: competition, business environment, learning spillovers and human capital. Collectively, these drivers account for about a third of …

management on firm performance; (ii) a positive relationship between product market competition and average management quality … (part of which stems from the larger covariance between management with firm size as competition strengthens); and (iii) a …

We examine the economic analysis of the relationship between innovation and product market competition. First, we give … idea that innovation rises and then eventually falls as the intensity of competition increases. Thirdly, we look at recent … applications and development of the framework in the areas of competition policy, international trade and structural Industrial …