Two-way relationship between innovation and market structure: evidence from Indian high and medium technology firms
Ruchi Sharma and
Economics of Innovation and New Technology, 2020, vol. 29, issue 2, 147-168
This study analyses a two-way relationship between innovation and market structure in Indian high and medium technology firms. We perform an empirical analysis based on a simultaneous equation model on data for 991 high and medium technology firms during 2000â€“2015. Patent applications and patent grants capture innovation activity of the firms. We find that the market structure has an insignificant impact on innovation. A separate analysis of neck-and-neck firms also suggests that market structure has no impact on innovation. On the other hand, patenting has a positive and significant impact on market structure in both high and medium technology firms. The study concludes that in-house technology creation is a vital source of market dominance in Indian high and medium technology firms.
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Persistent link: https://EconPapers.repec.org/RePEc:taf:ecinnt:v:29:y:2020:i:2:p:147-168
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