This paper investigates the relationship between product market competition and innovation. It uses the radical policy … reforms in the UK as instruments for changes in product market competition, and finds a robust inverted-U relationship between … competition and patenting. It then develops an endogenousm growth model with step-by-step innovation that can deliver this …

Many critics of free-market liberalism argue that higher product-market competition and the "Anglo-Saxon" management … relationship between WLB and productivity. WLB practices are also not reduced by tougher competition, suggesting no deleterious … effect of competition on employees' working environment. Finally, looking at multinationals we find that US subsidiaries in …