The Heterogeneous Impact of Market Size on Innovation: Evidence from French Firm-Level Exports

被引：60

作者：

Aghion, Philippe ^{[1
,2
]}

Bergeaud, Antonin ^{[3
,4
]}

Lequien, Matthieu ^{[2
,5
]}

Melitz, Marc J. ^{[6
,7
]}

机构：

[1] LSE, Coll France, Paris, France

[2] PSE, Paris, France

[3] Banque France, Paris, France

[4] CEP, Strasbourg, France

[5] Banque France, Insee, Paris, France

[6] Harvard Univ, Cambridge, MA USA

[7] NBER, Cambridge, MA USA

来源：

REVIEW OF ECONOMICS AND STATISTICS | 2024年 / 106卷 / 03期

基金：

欧洲研究理事会;

关键词：

TECHNICAL CHANGE; PRODUCTIVITY; COMPETITION; SHARE;

D O I：

10.1162/rest_a_01199

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We analyze how demand conditions faced by a firm in its export markets affect its innovation decisions. We exploit exogenous firm-level export demand shocks and find that firms respond by patenting more; furthermore, this response is driven by the subset of initially more productive firms. The patent response arises two to five years after the shock, highlighting the time required to innovate. In contrast, the demand shock raises contemporaneous sales and employment for all firms regardless of their productivity. This skewed innovation response to common demand shocks arises naturally from a model of endogenous innovation and competition with firm heterogeneity.

引用

页码：608 / 626

页数：19

共 35 条

[1] Market size in innovation: Theory and evidence from the pharmaceutical industry [J].