Economic seminar - Competition and innovation: Evidence from worldwide corporate R&D spenders

The economic seminar Competition and innovation: Evidence from worldwide corporate R&D spenders took place on 24 June 2024.

This study examines the link between competition and innovation globally, using data from the top corporate R&D spenders in manufacturing and service sectors from 2007 to 2016.
It measures competition with the inverse Lerner Index and uses R&D spending as an indicator of innovation, expanding the scope of prior research.
The analysis differentiates between manufacturing and service industries and considers both incumbents and new market entrants.
Findings indicate a complex, inverted-U shaped relationship between competition and innovation, varying by industry type and market position.
The paper enriches the literature by offering new empirical insights into the global innovation-competition dynamic, overcoming previous research limitations.

Michele Cincera is a Professor of economics at Université libre de Bruxelles (ULB) with a specialisation in the economics of science and technology, digital economics, applied econometrics and data analytics. Over the recent years, he has conducted various studies and research reports on behalf of the European Commission (DG RDT, DG Regio among others), regional and national public authorities as well as private companies. Prof. Michele Cincera has continuously strengthened his know-how and developed expertise in a wide array of both qualitative and quantitative artificial intelligence methods to assess the socio-economic impact of policies to support research and innovation activities. He has supervised several students in data science projects commissioned by large multinational companies from different industries (banking, food, chemical, oil and gas,...) Specialities: Bibliometrics, Econometrics, Data science, Socio-economic impact evaluation of policies.

Towards the PowerPoint (Power Point, 4.74 Mb)