Market Structure, Firm’s Size and Innovation Activity: Development of Theoretical and Practical Approaches
Abstract
The most pressing questions of interrelations between the market structure, firm’s size and innovation activity are considered in the article. Based on J. Schumpeter’s theoretical hypothesis, essential statements and empirical results of the theory of industrial economics are analyzed by the author. A special consideration is given to preconditions of market structure modification caused by firms’ innovation activity, as well as entry barriers for firms with new products and technologies. Also, the main advantages and disadvantages of innovations applied by large firms are objects of the research. The author analyses industrial peculiarities which have a non-linear influence on the relationship between the firm’s size and its innovation activity.
Keywords:
industrial economics, innovation activity, market structure, firm’s size, schumpeterian patterns of innovation
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Articles of the St Petersburg University Journal of Economic Studies are open access distributed under the terms of the License Agreement with Saint Petersburg State University, which permits to the authors unrestricted distribution and self-archiving free of charge.