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On Effects of Market Integration on Technology Choice
Journal of Economic Integration
Vol. 21, No. 3 (September 2006), pp. 447-457
Published by: Center for Economic Integration, Sejong University
Stable URL: http://www.jstor.org/stable/23000841
Page Count: 11
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In this paper, we investigate how market integration affects firms' technology choices. Although market integration encourages cost-reducing research and development (R&D) investments in many cases, it may discourage it in two cases: (1) when market sizes are quite different and the effects of R&D are not so high, market integration may discourage R&D in a large country; and (2) if the firm in a large country only invests in the segmented market, market integration may discourage R&D in a large country, while encouraging it in a small country. These results correspond to data about R&D intensities in European Union countries.
Journal of Economic Integration © 2006 Center for Economic Integration, Sejong University