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URL:
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http://ub-madoc.bib.uni-mannheim.de/2963
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URN:
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urn:nbn:de:bsz:180-madoc-29637
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Document Type:
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Working paper
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Year of publication:
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2010
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Publication language:
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English
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Institution:
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Sonstige Einrichtungen > ZEW - Leibniz-Zentrum für Europäische Wirtschaftsforschung
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MADOC publication series:
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Veröffentlichungen des ZEW (Leibniz-Zentrum für Europäische Wirtschaftsforschung) > ZEW Discussion Papers
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Subject:
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330 Economics
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Classification:
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JEL:
O3 ,
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Subject headings (SWD):
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Schweiz , Deutschland , Innovationswettbewerb , Faktorsubstitution , Forschung und Entwicklung , Wettbewerb , Industrieforschung
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Keywords (English):
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Innovation , R&D , Competition
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Abstract:
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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 results for both countries. Innovation output in t-1 as measured by the sales share of innovative products is positively related to the degree of product obsolescence in t, and negatively to the degree of substitutability in t in both countries. Further, we find that rapid product obsolescence provides positive incentives for higher – primarily product-oriented – R&D investments in t+1, while high substitutability exerts negative incentives for future R&D investment.
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Additional information:
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[Working paper]
![[img]](https://madoc.bib.uni-mannheim.de/style/images/fileicons/application_pdf.png)
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