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来源类型Working Paper
规范类型报告
DOI10.3386/w27253
来源IDWorking Paper 27253
Competition Laws and Corporate Innovation
Ross Levine; Chen Lin; Lai Wei; Wensi Xie
发表日期2020-06-01
出版年2020
语种英语
摘要A central debate in economics concerns the relationship between competition and innovation, with some stressing that competition discourages innovation by reducing post-innovation rents and others emphasizing that more contestable markets spur currently dominant and other firms to invest more in innovation. We examine the impact of competition laws on innovation. We create a unique firm-level dataset on patenting activities that includes over 1.4 million firm-year observations, across 68 countries, from 1991 through 2015. Using a new, comprehensive dataset on competition laws, we find that more stringent competition laws are associated with increases in firms’ number of self-generated patents and the citation-impact and explorative nature of those patents. We also conduct the first examination of the relationship between competition laws and firms’ acquisition of patents from other firms. We find that competition increases patent acquisitions but lowers the ratio of acquired to self-generated patents. The results hold when using country-industry data on 186 countries over the 1888-2015 period.
主题Other ; Law and Economics ; Industrial Organization ; Antitrust ; Development and Growth ; Innovation and R& ; D
URLhttps://www.nber.org/papers/w27253
来源智库National Bureau of Economic Research (United States)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/584924
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GB/T 7714
Ross Levine,Chen Lin,Lai Wei,et al. Competition Laws and Corporate Innovation. 2020.
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