Arbeitspapier
Innovation, competition and incentives for R&D
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.
- Sprache
-
Englisch
- Erschienen in
-
Series: ZEW Discussion Papers ; No. 10-039
- Klassifikation
-
Wirtschaft
- Thema
-
Innovation
R&D
Competition
Innovationswettbewerb
Produktsubstitution
Wettbewerb
Industrielle Forschung
Ökonomischer Anreiz
Theorie
Deutschland
Schweiz
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Wörter, Martin
Rammer, Christian
Arvanitis, Spyros
- Ereignis
-
Veröffentlichung
- (wer)
-
Zentrum für Europäische Wirtschaftsforschung (ZEW)
- (wo)
-
Mannheim
- (wann)
-
2010
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Wörter, Martin
- Rammer, Christian
- Arvanitis, Spyros
- Zentrum für Europäische Wirtschaftsforschung (ZEW)
Entstanden
- 2010
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