Schumpeterian Hypothesis Revisited: on Market Structure and Firms' R&D

• Autorzy: Adam Karbowski
• Języki publikacji: EN

Abstrakty

EN

Motivation: This article sets out to clearly elaborate upon the relationship between market structure and firms' R&D - the problem formulated by Joseph Schumpeter and widely discussed in the history of economic thought. Aim: This paper aims to explain the main controversies which occurred in economic literature over the Schumpeterian hypothesis. Results: The sources of controversies mentioned above are identified. Those controversies boil down to the following points: (1) 'early' or 'late' Schumpeter, (2) firm size or market power, (3) demand-side or supply-side arguments, (4) structure in R&D stage or structure in product market stage, (5) type of R&D considered (process or product). The classification of standpoints on the relationship between market structure and firms' R&D is proposed. The above classification allows to understand complexity of the 'market-R&D' links, and avoid at least some controversies over the Schumpeterian hypothesis. (original abstract)

Słowa kluczowe

EN

Market structure; Research & Development (R+D); History of economic thought

PL

Struktura rynku; Badania i rozwój (B+R); Historia myśli ekonomicznej

• Czasopismo: Ekonomia i Prawo
• Rocznik: 2020
• Tom: 19
• Numer: nr 4
• Strony: 699--712

Twórcy

autor

Adam Karbowski

• SGH Warsaw School of Economics, Poland

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Identyfikatory

DOI

10.12775/EiP.2020.045