MAINTENANCE AND DESTRUCTION OF R & D LEADERSHIP

• Type: Article in International Scientific Journal
• Date: 2012

Authors

Óscar Afonso (Author) FEP; Ana Maria Bandeira (Author) Other

Journal

Title: Manchester School

Vol. 80 No. 6

Pages: 740-751

ISSN: 1463-6786

Publisher: Wiley-Blackwell

Indexing

ISI Web of Knowledge - 1 Citation

ISI Web of Science

Scopus - 1 Citation

Econlit

Scientific classification

FOS: Social sciences > Economics and Business

Other information

Authenticus ID: P-002-37J

DOI: 10.1111/j.1467-9957.2011.02264.x

Abstract (EN): In the standard Schumpeterian-growth models only follower firms invest in R&D activities and larger economies grow faster. Since these results are counterfactual, this paper reveals that leader firms often support R&D activities and economic growth can be independent of the market size. In particular, the maintenance of R&D leadership increases with: (i) the technological-knowledge gap between leader and followers, since a firm-specific learning effect of accumulated technological knowledge from past R&D is considered, (ii) the leaders' strategies that delay the next successful R&D supported by some follower firm, (iii) the market size, and (iv) the up-grade of each innovation.

Language: English

Type (Professor's evaluation): Scientific

No. of pages: 12