The link between R&D investment and market structure: evidence from Japan
AbstractThis paper examines how market structure affects R&D investment at the firm level. Using a sample of 1338 Japanese firms, a sample selection model is employed to estimate R&D investment. The pooled sample results suggest that the likelihood of conducting R&D is negatively associated with market concentration. However, the relationship becomes insignificant when the model is estimated by industry group. Large market sales have a positive effect on the likelihood of conducting R&D for both pooled and industry group samples.
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Bibliographic InfoArticle provided by AccessEcon in its journal Economics Bulletin.
Volume (Year): 31 (2011)
Issue (Month): 2 ()
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Find related papers by JEL classification:
- L1 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Czarnitzki, Dirk & Kraft, Kornelius, 2004.
"An empirical test of the asymmetric models on innovative activity: who invests more into R&D, the incumbent or the challenger?,"
Journal of Economic Behavior & Organization,
Elsevier, vol. 54(2), pages 153-173, June.
- Czarnitzki, Dirk & Kraft, Kornelius, 2000. "An empirical test of the asymmetric models on innovative activity: who invests more into R&D - the incumbent or the challenger?," ZEW Discussion Papers 00-10, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research.
- Czarnitzki, Dirk & Kraft, K, 2004. "An empirical test of the asymmetric models on innovative activity: who invests more into R&D, the incumbent or the challenger?," Open Access publications from Katholieke Universiteit Leuven urn:hdl:123456789/100505, Katholieke Universiteit Leuven.
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