Aghion, Philippe; Blundell, Richard William; Griffith, … - C.E.P.R. Discussion Papers - 2005
How does firm entry affect innovation incentives and productivity growth in incumbent firms? Micro-data suggests that … not in laggard industries. To explain this pattern, we introduce entry into a Schumpeterian growth model with multiple … rich micro-level productivity growth and patent panel data for the UK, and controlling for the endogeneity of entry by …