| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP11922 |
| DP11922 Product versus Process: Innovation Strategies of Multi-Product Firms | |
| Lisandra Flach | |
| 发表日期 | 2017-03-19 |
| 出版年 | 2017 |
| 语种 | 英语 |
| 摘要 | We investigate the effects of better access to foreign markets on innovation strategies of multi-product firms in industries with different scope for product differentiation. Industry-specific demand and cost linkages induce a distinction between the returns to innovation. In differentiated industries, cannibalization is lower and firms invest more in product innovation. In homogeneous industries, firms internalize intra-firm spillovers and invest more in process innovation. Using firm-level data and large exchange rate devaluations, we show that better access to foreign markets increases the incentive to innovate. However, we exploit differential effects across industries and show that the innovation strategies depend on the scope of differentiation. |
| 主题 | International Trade and Regional Economics |
| 关键词 | Multi-product firms Innovation Cannibalization effect Spillovers Market size effect Product differentiation |
| URL | https://cepr.org/publications/dp11922 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/540734 |
| 推荐引用方式 GB/T 7714 | Lisandra Flach. DP11922 Product versus Process: Innovation Strategies of Multi-Product Firms. 2017. |
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