Innovation and market concentration: a PINTEC sector analisys
DOI:
https://doi.org/10.5902/1414650972218Keywords:
Innovation, Market concentration, PINTEC, Sectoral Innovation, Sectoral System of InnovationAbstract
This article analyzes the relationship between innovation and market concentration, called of Schumpeterian Hypothesis. Several variables from PINTEC (2008, 2011, 2014 and 2017) are used to define innovations according to the market concentration for the Manufacturing. It is used the participation of innovative companies, the participation of companies with product or process innovation, the participation of companies with organization innovations, and the average amount of expenditure on innovation activities. The market concentration is verified through the participation of the four largest in total sector employment (C4), the Lerner Index, and the participation of workforce with higher education on total sector employment. It is used panel data estimative for each innovation variable depending market concentration. The estimated results show the difference between the percentage of companies with innovation in product or process, and the companies with organizational innovations in relation to market concentration.
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