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Product Market Competition, R&D Effort and Economic Growth

  • Alberto Bucci

Empirical evidence has recently pointed to the lack of any relationship between R&D intensity (variously defined and measured) and economic growth in the post-war period in the United States and other OECD countries. Using a framework that integrates human capital accumulation and purposive (horizontal) innovation activity, this paper looks at product market competition as a possible solution to this puzzle. Indeed, we find that changes in product market competition may well have no influence on human capital investment (the growth engine), while affecting R&D effort.

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File URL: http://degit.sam.sdu.dk/papers/degit_11/C011_037.pdf
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Paper provided by DEGIT, Dynamics, Economic Growth, and International Trade in its series DEGIT Conference Papers with number c011_037.

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Length: 26 pages
Date of creation: Jun 2006
Date of revision:
Handle: RePEc:deg:conpap:c011_037
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