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critical size, and competition to reach a critical level of intensity. By allowing an economy to produce a greater variety of … must then become larger to break even, which facilitates amortizing the fixed costs of innovation. We demonstrate our …
Persistent link: https://www.econbiz.de/10005041097
We investigate whether inward FDI, either at the firm or industry level, has any impact on product innovation by … that export, invest in human capital or R&D, or have prior innovation experience. We also find that SOEs with internal R …
Persistent link: https://www.econbiz.de/10005123532
European Union countries have implemented widespread reforms to product markets in order to stimulate competition …, innovation and economic growth. We provide empirical evidence that the reforms carried out under the EU Single Market Programme … (SMP) were associated with increased product market competition, as measured by a reduction in average profitability, and …
Persistent link: https://www.econbiz.de/10005136744
competition in market economies. We find evidence of the importance of a minimum of rivalry in both innovation and growth: the …This Paper examines the importance of competition in the growth and development of firms. We make use of the large …-scale natural experiment of the shift from an economic system without competition to a market economy to shed light on the factors …
Persistent link: https://www.econbiz.de/10005067370
By choosing their organizations, firms trade-off productive efficiency and time spent in implementing innovation. We … impact of time in firm competition: in addition to weighing costs and benefits of late adoption, firms use time as a … strategic variable through the possibility of overtaking their competitors. Due to this very specificity of time competition …
Persistent link: https://www.econbiz.de/10005067458
transfer, and their implications for investment, innovation, and product market competition. The model also sheds light on the … communicate valuable knowledge to an entrepreneur, facilitating innovation. The venture capitalist can also communicate the …
Persistent link: https://www.econbiz.de/10011168896
, productivity growth, and product innovation to a larger extent when it targets more competitive sectors and when it is not … enterprises for the period 1998 through 2007 to test for complementarity between competition and industrial policy. A main … competition-friendly and therefore more growth-enhancing. …
Persistent link: https://www.econbiz.de/10009359485
Previous research shows that firms shroud high add-on prices in competitive markets with naive consumers leading to inefficiency. We analyze the effects of regulatory intervention via educating naive consumers on equilibrium prices and welfare. Our model allows firms to shroud, unshroud, or...
Persistent link: https://www.econbiz.de/10009367427
We examine the firm- and country-level determinants of the currency denomination of small business loans. We first model the choice of loan currency in a framework which features a trade-off between lower cost of debt and the risk of firm-level distress costs, and also incorporates the impact of...
Persistent link: https://www.econbiz.de/10008496451
In this paper we examine the causal impact of competition on management quality. We analyze the hospital sector where … geographic proximity is a key determinant of competition, and English public hospitals where political competition can be used to … survival rates from emergency heart attack admissions (AMI). More importantly, we find that higher competition (as indicated by …
Persistent link: https://www.econbiz.de/10008468548