Competition and Innovation: Evidence from US Patent and Productivity Data
Competition and Innovation: Evidence from US Patent and Productivity Data
Is there any evidence that innovation and technological progress are constrained by competition and fostered by monopoly power? Our results, based on a constructed dataset of U.S. manufacturing industries observed over more than two decades, suggest that this is not the case. On the contrary, using both patent statistics and productivity growth as alternative measures of innovation and technological change, we observe faster technological advances in more competitive markets. These results are robust to changes in the econometric techniques used to model nonlinearity in the competition-innovation relationship and to alternative methods of computing market power.
258-285
Correa Allamand, Juan Luis
cff048fc-c569-4ab1-99af-31076a668bd2
Ornaghi, Carmine
33275e47-4642-4023-a195-39c91d0146b0
June 2014
Correa Allamand, Juan Luis
cff048fc-c569-4ab1-99af-31076a668bd2
Ornaghi, Carmine
33275e47-4642-4023-a195-39c91d0146b0
Correa Allamand, Juan Luis and Ornaghi, Carmine
(2014)
Competition and Innovation: Evidence from US Patent and Productivity Data.
Journal of Industrial Economics, 62 (2), .
(doi:10.1111/joie.12050).
Abstract
Is there any evidence that innovation and technological progress are constrained by competition and fostered by monopoly power? Our results, based on a constructed dataset of U.S. manufacturing industries observed over more than two decades, suggest that this is not the case. On the contrary, using both patent statistics and productivity growth as alternative measures of innovation and technological change, we observe faster technological advances in more competitive markets. These results are robust to changes in the econometric techniques used to model nonlinearity in the competition-innovation relationship and to alternative methods of computing market power.
This record has no associated files available for download.
More information
e-pub ahead of print date: 4 June 2014
Published date: June 2014
Organisations:
Economics
Identifiers
Local EPrints ID: 408804
URI: http://eprints.soton.ac.uk/id/eprint/408804
ISSN: 0022-1821
PURE UUID: aac5d835-dd9e-4e70-b98b-c75432a364f7
Catalogue record
Date deposited: 28 May 2017 04:01
Last modified: 16 Mar 2024 03:42
Export record
Altmetrics
Contributors
Author:
Juan Luis Correa Allamand
Download statistics
Downloads from ePrints over the past year. Other digital versions may also be available to download e.g. from the publisher's website.
View more statistics
