International business cycles: How do they relate to Switzerland?

Arbeitspapier

This paper investigates the R&D persistence of R&D active firms in different markets with different intensities of competition, based on firm-level panel data for the period 1996-2008. In a dynamic setting of the empirical model it turns out that persistence is strongly related to market competition (measured by the number of principal competitors). Persistence of R&D expenditures is more likely to be observed in markets with few principal competitors (between 6 and 10) and is very unlikely to be observed in polypolistic type of markets (more than 50 competitors). These results call for a stronger coordination between competition policy and innovation promotion policy, since the former basically aims at larger markets with many competitors, while the latter aims at persistence of R&D efforts and thus markets with fewer competitors.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: KOF Working Papers ; No. 291

Classification and Topics

• Classification: Wirtschaft
• Subject: Konjunkturzusammenhang ; Außenwirtschaftspolitik ; Innovationspolitik ; Schweiz

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Graff, Michael
• Event: Veröffentlichung
• (who): ETH Zurich, KOF Swiss Economic Institute
• (where): Zurich
• (when): 2011

Further information

• DOI: doi:10.3929/ethz-a-006742181
• Handle: http://hdl.handle.net/10419/54715
• Last update: 10.03.2025, 11:42 AM CET