Description

• Title:
  Schumpeterian hypothesis revisited: on market structure and firms’ R&D
• Creator:
  Karbowski, Adam
• Description:
  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.
• Object availability:
  free access
• Rights:
  Prawa autorskie (c) 2021 Ekonomia i Prawo. Economics and Law
• Date:
  2020.12.31
• Type:
  info:eu-repo/semantics/article;
  info:eu-repo/semantics/publishedVersion
• Language:
  English
• Source:
  Ekonomia i Prawo. Economics and Law; Vol. 19 No. 4 (2020); 699-712;
  Ekonomia i Prawo. Economics and Law; Tom 19 Nr 4 (2020); 699-712;
  2392-1625;
  1898-2255
• Format:
  application/pdf
• Publisher:
  Uniwersytet Mikołaja Kopernika w Toruniu
• Relation: https://apcz.umk.pl/EiP/article/view/EiP.2020.045/27737
• Subject:
  Schumpeterian hypothesis;
  market structure;
  firms’ R&D;
  economic thought;
  B21;
  L11;
  O31;
  O32
• Identifier: https://apcz.umk.pl/EiP/article/view/EiP.2020.045
• Data provider:
  Akademicka Platforma Czasopism
• Can I use it?:
  seek permission
• Type:
  text