How does competition affect the relationship between innovation and productivity? Estimation of a CDM model for Norway
Castellacci, Fulvio
Routledge (2010)
s. 1-22.
The paper investigates the effects of industry-level competition on firm-level innovation and productivity. We propose a refined version of the CDM (Crepon, Duguet, and Mairesse) model that analyses the impacts of competition on four interrelated stages of the innovation process: the choice of a firm to engage in innovation, its R&D intensity, its innovation output and labour productivity.
