Product market competition, creative destruction and innovation

Rachel Griffith and John van Reenen

LSE Research Online Documents on Economics from London School of Economics and Political Science, LSE Library

Abstract: We examine the economic analysis of the relationship between innovation and product market competition. First, we give a brief tour of the intellectual history of the area. Second, we examine how the Aghion-Howitt framework has influenced the development of the literature theoretically and (especially) empirically, with an emphasis on the "inverted U": the idea that innovation rises and then eventually falls as the intensity of competition increases. Thirdly, we look at recent applications and development of the framework in the areas of competition policy, international trade and structural Industrial Organization.

Keywords: competition; innovation; creative destruction (search for similar items in EconPapers)
JEL-codes: B20 L13 L40 O31 O32 (search for similar items in EconPapers)
Pages: 31 pages
Date: 2021-11-30
References: Add references at CitEc
Citations:

Downloads: (external link)
http://eprints.lse.ac.uk/121880/ Open access version. (application/pdf)

Related works:
Working Paper: Product market competition, creative destruction and innovation (2021)
Working Paper: Product market competition, creative destruction and innovation (2021)
Working Paper: Product Market Competition, Creative Destruction and Innovation (2021)
Working Paper: Product market competition, creative destruction and innovation (2021)
Working Paper: Product market competition, creative destruction and innovation (2021)
Working Paper: Product market competition, creative destruction and innovation (2021)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ehl:lserod:121880

Access Statistics for this paper

More papers in LSE Research Online Documents on Economics from London School of Economics and Political Science, LSE Library LSE Library Portugal Street London, WC2A 2HD, U.K.. Contact information at EDIRC.
Bibliographic data for series maintained by LSERO Manager ().