Product Market Competition, R&D Effort and Economic Growth

Alberto Bucci ()

DEGIT Conference Papers from DEGIT, Dynamics, Economic Growth, and International Trade

Abstract: Empirical evidence has recently pointed to the lack of any relationship between R&D intensity (variously defined and measured) and economic growth in the post-war period in the United States and other OECD countries. Using a framework that integrates human capital accumulation and purposive (horizontal) innovation activity, this paper looks at product market competition as a possible solution to this puzzle. Indeed, we find that changes in product market competition may well have no influence on human capital investment (the growth engine), while affecting R&D effort.

Keywords: Endogenous Growth; R&D Investment; Human Capital Accumulation; Product Market Competition (search for similar items in EconPapers)
JEL-codes: D43 J24 L16 O31 O41 (search for similar items in EconPapers)
Pages: 26 pages
Date: 2006-06
New Economics Papers: this item is included in nep-com, nep-hrm, nep-ino and nep-mic
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Related works:
Working Paper: Product Market Competition, R&D Effort and Economic Growth (2005)
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Persistent link: https://EconPapers.repec.org/RePEc:deg:conpap:c011_037

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