Wörter, Martin; Rammer, Christian; Arvanitis, Spyridon - 2010
This paper analyses the relationship between past innovation output, competition, and future innovation input in a … results for both countries. Innovation output in t-1 as measured by the sales share of innovative products is positively …&D investments in t+1, while high substitutability exerts negative incentives for future R&D investment. -- Innovation ; R …
