Innovation, competition and technical efficiency
Contradictory empirical and theoretical evidence on the relationship between innovation and competition has been reconciled in a model that yields an inverted U-shaped curve. I test whether the predictions of the model are supported by the data with an unbalanced panel of firms for 1990–2003 in a hi...
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Taylor & Francis Group
2016
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oai:doaj.org-article:cb21271b4c894b83bece5ff07daba7d82021-12-02T14:35:45ZInnovation, competition and technical efficiency2331-197510.1080/23311975.2016.1199522https://doaj.org/article/cb21271b4c894b83bece5ff07daba7d82016-12-01T00:00:00Zhttp://dx.doi.org/10.1080/23311975.2016.1199522https://doaj.org/toc/2331-1975Contradictory empirical and theoretical evidence on the relationship between innovation and competition has been reconciled in a model that yields an inverted U-shaped curve. I test whether the predictions of the model are supported by the data with an unbalanced panel of firms for 1990–2003 in a high productivity growth, high-tech industry, Finnish ICT manufacturing. In particular, I investigate how well alternative, yet rigorous measures of innovation and the technology gap, such as R&D intensity, R&D elasticity, technical change, technical efficiency and total factor productivity fare with respect to competition measured by the Lerner index. The results prove sensitive to the choice of variable. Overall, the model is not supported by the empirical evidence of the industry.Elina BerghällTaylor & Francis Grouparticletechnology frontierinverted u-curveefficiencytfpinnovationcompetitionBusinessHF5001-6182Management. Industrial managementHD28-70ENCogent Business & Management, Vol 3, Iss 1 (2016) |
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DOAJ |
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DOAJ |
| language |
EN |
| topic |
technology frontier inverted u-curve efficiency tfp innovation competition Business HF5001-6182 Management. Industrial management HD28-70 |
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technology frontier inverted u-curve efficiency tfp innovation competition Business HF5001-6182 Management. Industrial management HD28-70 Elina Berghäll Innovation, competition and technical efficiency |
| description |
Contradictory empirical and theoretical evidence on the relationship between innovation and competition has been reconciled in a model that yields an inverted U-shaped curve. I test whether the predictions of the model are supported by the data with an unbalanced panel of firms for 1990–2003 in a high productivity growth, high-tech industry, Finnish ICT manufacturing. In particular, I investigate how well alternative, yet rigorous measures of innovation and the technology gap, such as R&D intensity, R&D elasticity, technical change, technical efficiency and total factor productivity fare with respect to competition measured by the Lerner index. The results prove sensitive to the choice of variable. Overall, the model is not supported by the empirical evidence of the industry. |
| format |
article |
| author |
Elina Berghäll |
| author_facet |
Elina Berghäll |
| author_sort |
Elina Berghäll |
| title |
Innovation, competition and technical efficiency |
| title_short |
Innovation, competition and technical efficiency |
| title_full |
Innovation, competition and technical efficiency |
| title_fullStr |
Innovation, competition and technical efficiency |
| title_full_unstemmed |
Innovation, competition and technical efficiency |
| title_sort |
innovation, competition and technical efficiency |
| publisher |
Taylor & Francis Group |
| publishDate |
2016 |
| url |
https://doaj.org/article/cb21271b4c894b83bece5ff07daba7d8 |
| work_keys_str_mv |
AT elinaberghall innovationcompetitionandtechnicalefficiency |
| _version_ |
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