Woerter, Martin; Rammer, Christian; Arvanitis, Spyros - KOF Swiss Economic Institute, Department of Management, … - 2010
This paper analyses the relationship between past innovation output, competition, and future innovation input in a … dynamic econometric setting. We distinguish two dimensions of competition that correspond to the concepts of product … substitutability and entry barriers due to fixed costs. Based on firm-level panel data for Germany and Switzerland we obtain consistent …