| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w12027 |
| 来源ID | Working Paper 12027 |
| The Effects of Entry on Incumbent Innovation and Productivity | |
| Philippe Aghion; Richard Blundell; Rachel Griffith; Peter Howitt; Susanne Prantl | |
| 发表日期 | 2006-02-13 |
| 出版年 | 2006 |
| 语种 | 英语 |
| 摘要 | How does firm entry affect innovation incentives and productivity growth in incumbent firms? Micro-data suggests that there is heterogeneity across industries--incumbents in technologically advanced industries react positively to foreign firm entry, but not in laggard industries. To explain this pattern, we introduce entry into a Schumpeterian growth model with multiple sectors which differ by their distance to the technological frontier. We show that technologically advanced entry threat spurs innovation incentives in sectors close to the technological frontier--successful innovation allows incumbents to prevent entry. In laggard sectors it discourages innovation--increased entry threat reduces incumbents' expected rents from innovating. We find that the empirical patterns hold using rich micro-level productivity growth and patent panel data for the UK, and controlling for the endogeneity of entry by exploiting the large number of policy reforms undertaken during the Thatcher era. |
| 主题 | Macroeconomics ; Consumption and Investment |
| URL | https://www.nber.org/papers/w12027 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/569680 |
| 推荐引用方式 GB/T 7714 | Philippe Aghion,Richard Blundell,Rachel Griffith,et al. The Effects of Entry on Incumbent Innovation and Productivity. 2006. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w12027.pdf（582KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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