Market size and innovation: An application to the French seed market for large crops

Sylvie Charlot, Chokri Dridi and Stéphane Lemarié

No 205520, 2015 AAEA & WAEA Joint Annual Meeting, July 26-28, San Francisco, California from Agricultural and Applied Economics Association

Abstract: The aim of this paper is to analyse the impact of market size on innovation in the seed industry. The analysis is based on a panel dataset that covers 19 large crops in France during the period 1989-2012. Our econometric analysis is based on a negative binomial specification and we conduct both cross section as well as panel data analysis. We show that the French crop area always has a positive and significant effect on the number of innovations introduced each year. Market size of foreign countries may be either positive or negative revealing synergy or substitution effects. When hybrid crops are considered, the innovation is mainly determined by a positive and very significant fixed effect, crop area having no more influence. This last result can be interpreted as market size being mainly dependent on crop area for non-hybrid crop and dependent of price mark-up for hybrid crops.

Keywords: Agribusiness; Industrial Organization (search for similar items in EconPapers)
Pages: 18
Date: 2015-05
New Economics Papers: this item is included in nep-com, nep-eur and nep-ino
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Citations: View citations in EconPapers (1)

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Related works:
Working Paper: Market size and innovation: An application to the French seed market for large crops (2015)
Working Paper: Market size and innovation: An application to the French seed market for large crops (2015)
Working Paper: Market size and innovation: An application to the French seed market for large crops (2015)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea15:205520

DOI: 10.22004/ag.econ.205520

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