Horizontal innovation-based growth and product market competition

Bucci, Alberto; Parello, Carmelo Pierpaolo

doi:10.1016/j.econmod.2008.06.010

Cited by 16 publications

(7 citation statements)

References 49 publications

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“…Previous economic studies have proposed that R&D is engaged in improving the quality of products when product market competition gets more intense [44][45][46][47]. Bucci and Parello [48] found that the shape of the relationship between competition and growth can change dramatically according to which proxy of competition is used. However, the findings are not well applicable when contractors continuously pursue BCR as adverse feedback loops.…”

Section: The Market Competitive Behavior Under the Price-based Awardimentioning

confidence: 99%

Project-Based Market Competition and Policy Implications for Sustainable Developments in Building and Construction Sectors

Yan

2015

Sustainability

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Building and construction sectors are significant contributors to the global economy, but their energy consumption necessitates greater commitment to sustainable developments. There is therefore a growing demand for green innovation in the form of cleaner production and policies to meet the modern requirements of sustainability. However, the nature in which public work is undertaken is in an environment of project-based market competition, whereby contractors routinely bid for contracts under specific project awarding systems, and variations are accompanied with the unique scope of individual projects before the final goods or services are delivered. A comprehensive understanding of the characteristics and contractors' behavior in systems could help to identify the leverage points of policies. This paper proposes a system dynamics model, with quantitative analysis and simulations, to demonstrate the problems of a system with different project awarding systems and ineffective market performance. The framework of market efficiency and performance measures has been proposed to evaluate the project-based competition mechanism. Managerial policy implications for market efficiency and sustainable developments can thus be systematically discussed and compared through iterative computer simulations and scenario analysis.

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Section: The Market Competitive Behavior Under the Price-based Awardimentioning

confidence: 99%

Project-Based Market Competition and Policy Implications for Sustainable Developments in Building and Construction Sectors

Yan

2015

Sustainability

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“…Many researchers are trying to prove these views. Bucci and Parello (2009) and Cantner et al (2008) have arguments in line with Schumpeterian views.…”

Section: Innovation and Market Competitionmentioning

confidence: 72%

“…This argument is based on the idea that monopolists gain the advantage of their ability to prevent imitation so that the monopolists are freer to continue to innovate. This Schumpeterian view gets a lot of support (Cantner et al, 2008;Bucci and Parello, 2009).…”

mentioning

confidence: 97%

Business strategy and industrial competition: the case of manufacturing companies

Rudiawarni¹,

Tjahjadi²,

Agustia³

et al. 2022

IJBE

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This research aims to test if appropriate business strategy can improve firm performance using industrial competition as its moderating variable. This study applies business strategy typology: prospectors and defenders. This study takes manufacturing companies listed on Indonesia Stock Exchange (IDX) during 2011-2016 as the research object, as they have complete business processes to better describe complete business strategy implementation. Research in emerging markets, such as Indonesia, will provide a complete picture of the impact of business strategy on business performance. The results show that prospectors have better financial performance than defenders and will last for two years after the strategy was executed. This study also finds that prospectors who are committed to innovation have a better performance than defenders, especially in high levels of industrial competition. This result is essential for managers to adopt a suitable business strategy under the competitive environment.

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“…On contrary, Blundell et al (1999) empirically confirmed that competition enhances R&D activity in order to gain an advantage towards main competitors. During the last years, the idea of an inverse 'U-curve' dependence of innovative activities on the competition intensity has become popular (Bucci and Parello 2009). Previous empirical research based on survey data for Russia confirmed the existence of a 'U-relationship' (Kozlov and Yudaeva (2004)).…”

Section: Advanced Hypotheses and Data Descriptionmentioning

confidence: 93%

Heuristic Optimization Methods for Dynamic Panel Data Model Selection: Application on the Russian Innovative Performance

Savin

Winker

2010

Comput Econ

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Innovations, be they radical new products or technology improvements are widely recognized as a key factor of economic growth. To identify the factors triggering innovative activities is a main concern for economic theory and empirical analysis. As the number of hypotheses is large, the process of model selection becomes a crucial part of the empirical implementation. The problem is complicated by the fact that unobserved heterogeneity and possible endogeneity of regressors have to be taken into account. A new efficient solution to this problem is suggested, applying optimization heuristics, which exploits the inherent discrete nature of the problem. The model selection is based on information criteria and the Sargan test of overidentifying restrictions. The method is applied to Russian regional data within the framework of a log-linear dynamic panel data model. To illustrate the performance of the method, we also report the results of Monte-Carlo simulations. Terms of use: Documents in EconStor may

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Horizontal innovation-based growth and product market competition

Cited by 16 publications

References 49 publications

Project-Based Market Competition and Policy Implications for Sustainable Developments in Building and Construction Sectors

Project-Based Market Competition and Policy Implications for Sustainable Developments in Building and Construction Sectors

Business strategy and industrial competition: the case of manufacturing companies

Heuristic Optimization Methods for Dynamic Panel Data Model Selection: Application on the Russian Innovative Performance

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