Reis, Ana Balcão; Traca, Daniel A. - In: European Economic Review 52 (2008) 4, pp. 589-610
This paper discusses the impact of oligopolistic product markets for innovation and growth, highlighting a novel, fundamental role of spillovers. We develop a model of endogenous growth with non-tournament R&D, where spillovers raise the relative R&D efficiency of laggards. A key feature is that...