Competition and Persistence of R&D

Martin Woerter

Economics of Innovation and New Technology, 2014, vol. 23, issue 5-6, 469-489

Abstract: This paper investigates the R&D persistence of R&D active firms in different markets with different intensities of competition, based on firm-level panel data for the period 1996-2008. In a dynamic setting of the empirical model, it turns out that persistence is strongly related to market competition (measured by the number of principal competitors). Persistence of R&D expenditures is more likely to be observed in markets with few principal competitors (between six and 10) and is very unlikely to be observed in polypolistic market types (more than 50 competitors).

Date: 2014
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Working Paper: Competition and Persistence of R&D (2011)
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DOI: 10.1080/10438599.2014.895515

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