Gustavsson Tingvall, Patrik; Poldahl, Andreas - The European Institute of Japanese Studies, … - 2005
We test whether predictions of the Aghion and Howitt (2004) model are supported by firm level data. In particular, we analyze if there is an inverted U-shaped relation between competition and R&D. Results show that the inverted U-shaped relation is supported by the Herfindahl index but not by...