학술저널
Competition and Innovation Spillover
- 서울대학교 경제연구소
- Seoul Journal of Economics
- Seoul Journal of Economics Volume 32 No.4
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2019.11467 - 491 (25 pages)
- 3
This study examines the relationship between the two sides of innovation of research and development (R&D) and competition. By analyzing the Korean firm-level data from 2000 to 2015, we find that competition is an important factor for innovation spillovers. In addition, decreasing competition magnifies the spillover effect. The net effect of the total spillover diminishes sales and productivity as competition decreases. Lack of competition weakens the commonly known relation that R&D exhibits a positive spillover effect on growth.
I. Introduction
II. Literature Review
III. Data and Methodology
IV. Results
V. Conclusion
References
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