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This paper investigates how competition and firm size affect the relationship between market uncertainty and Ramp;D investment. We use an intuitively appealing measure of firm-specific uncertainty along with panel data to show that firms invest less in current Ramp;D as uncertainty about market...
Persistent link: https://www.econbiz.de/10012725202
optimization process leads to optimal industry R&D expenditure and market structure in a symmetric equilibrium. The model is …
Persistent link: https://www.econbiz.de/10011446652
In the standard horizontal innovation model of endogenous growth, larger economies innovate more and grow faster. Due to the homotheticity of preferences, however, it does not matter whether the large market size comes from a large population or a high per capita expenditure. In this paper, we...
Persistent link: https://www.econbiz.de/10012844841
country. On contrary, offshoring firms spend significantly more on R&D or product design, and invest more in process …A strong innovation performance based on R&D, product development and the implementation of advanced production … indicate that this expansion goes hand in hand with innovation and process modernization at home. …
Persistent link: https://www.econbiz.de/10011392629
the probability of reporting innovation, with a larger effect size for product than for process innovations. Moreover …
Persistent link: https://www.econbiz.de/10011421890
the probability of reporting innovation, with a larger effect size for product than for process innovations. Moreover …
Persistent link: https://www.econbiz.de/10011452418
This paper investigates the determinants of EPO (European Patent Office) patent applications per capita using a panel of 22 OECD countries with data measured as five-year averages for the period 1980-1999. The patent production function is specified as a partial adjustment model and is estimated...
Persistent link: https://www.econbiz.de/10011494561
From a firm’s perspective two competing forces are driving the decision to invest in innovation. On the one hand, innovative performance is an important driver of profitability and growth. On the other hand, investments in innovation suffer from negative externalities, i.e. spillovers to other...
Persistent link: https://www.econbiz.de/10012623469
The patent system gives the courts discretion to tailor patentability standards flexibly across technologies to provide optimal incentives for innovation. For chemical inventions, the courts deem them unpatentable if the chemical lacks a practical, non-research-based use at the time patent...
Persistent link: https://www.econbiz.de/10013246347
In this article we investigate - both conceptually and empirically - the relationship between three interconnected elements of the Schumpeterian "engine of progress": the ability of industries' R&D efforts to turn out successful innovations; the ability of innovations to lead to high...
Persistent link: https://www.econbiz.de/10011980588