Innovation, Competition and Technical Efficiency
Berghäll, Elina (2016-10-12)
Berghäll, Elina
Valtion taloudellinen tutkimuskeskus VATT
12.10.2016
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Julkaisun pysyvä osoite on
https://urn.fi/URN:NBN:fi-fe2018042618708
https://urn.fi/URN:NBN:fi-fe2018042618708
Tiivistelmä
Contradictory empirical and theoretical evidence on the relationship between innovation and competition has been reconciled in a model that yields an inverted U-shaped curve. I test whether the predictions of the model are supported by the data with an unbalanced panel of firms for 1990-2003 in a high productivity growth, high-tech industry, Finnish ICT manufacturing. In particular, I investigate how well alternative, yet rigorous measures of innovation and the technology gap, such as R&D intensity, R&D elasticity, technical change, technical efficiency and total factor productivity fare with respect to competition measured by the Lerner index. The results prove sensitive to the choice of variable. Overall, the model is not supported by the empirical evidence of the industry.
Tutkimusteema
Economic growth, Taloudellinen kasvu
JEL
D200 - Production and Organizations: General, L500 - Regulation and Industrial Policy: General, L600 - Industry Studies: Manufacturing: General, O300 - Technological Change; Research and Development: General, O250 - Industrial Policy
Avainsanat
competition, innovation, technical efficiency, technology frontier, RD intensity
Kokoelmat
- VATT Working Papers [164]