The DOI matches its Crossref record; 3 of the 3 references it cites were found in a registry or an index.
Competition and Innovation: an Inverted-U Relationship
Abstract
This paper investigates the relationship between product market competition and innovation. We find strong evidence of an inverted-U relationship using panel data. We develop a model where competition discourages laggard firms from innovating but encourages neck-and-neck firms to innovate. Together with the effect of competition on the equilibrium industry structure, these generate an inverted-U. Two additional predictions of the model—that the average technological distance between leaders and followers increases with competition, and that the inverted-U is steeper when industries are more neck-and-neck—are both supported by the data.
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Citations
Cites
Endogenous Technological Change
Romer, P. M. (1990) · Journal of Political Economy · doi:10.1086/261725 · Cited by 17,711
“A Model of Growth: Through Creative Destruction”
Aghion, P., & Howitt, P. (1992) · Econometrica · doi:10.2307/2951599 · Cited by 7,529
Self-citationOptimal contracts and competitive markets with costly state verification
Townsend, R. M. (1979) · Journal of Economic Theory · doi:10.1016/0022-0531(79)90031-0 · Cited by 3,204
Cited by
Trade Induced Technical Change? The Impact of Chinese Imports on Innovation, IT and Productivity
Bloom, N., Draca, M., & Van Reenen, J. (2016) · The Review of Economic Studies · doi:10.1093/restud/rdv039 · Cited by 1,521
Self-citationDoes Stock Liquidity Enhance or Impede Firm Innovation?
FANG, V. W., TIAN, X., & TICE, S. (2014) · The Journal of Finance · doi:10.1111/jofi.12187 · Cited by 1,339
The Economics of Two-Sided Markets
Rysman, M. (2009) · Journal of Economic Perspectives · doi:10.1257/jep.23.3.125 · Cited by 1,261
Wrongful Discharge Laws and Innovation
Acharya, V. V., Baghai, R. P., & Subramanian, K. V. (2014) · Review of Financial Studies · doi:10.1093/rfs/hht009 · Cited by 579
Innovation and Institutional Ownership
Aghion, P., Van Reenen, J. M., & Zingales, L. (2010) · SSRN Electronic Journal · doi:10.2139/ssrn.1669323 · Cited by 553
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Metadata
- Authors
- Aghion, P., Bloom, N., Blundell, R., Griffith, R., & Howitt, P.
- Venue
- The Quarterly Journal of Economics
- Publisher
- Oxford University Press (OUP)
- Published
- 2005-05-01
- Volume
- 120
- Issue
- 2
- Pages
- 701-728
- ISSN
- 0033-5533 (ISSN-L)
- 1531-4650
- OpenAlex
- W2891842623
- Cited by
- 593
- References
- 3
- FWCI
- 42.81
- Type
- journal article
- Language
- en
- Open access
- closed
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- Aghion, P., Bloom, N., Blundell, R., Griffith, R., & Howitt, P. (2005). Competition and Innovation: an Inverted-U Relationship. The Quarterly Journal of Economics. https://doi.org/10.1093/qje/120.2.701
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Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.