02155nam a2200301 a 4500 1/51329 051115s2006 be u pdd 0 a0gre d 1016-8060 (print) 1725-3187 (online) ECFIN/REP/50672-EN 33210 GR-PeUP eng ΚΕΤ Αλφαβητική σειρά Griffith, Rachel. The link between product market reform and macro-economic performance / Griffith Rachel, Harrison Rupert, Simpson Helen. Brussels- Belgium: European Comission: Directorate-General for Economic and Financial Affairs, 2006. 123 σ.: πιν. 30 εκ. European Economy. Economic papers ; Economic Papers This report analyses the impact of product market reforms, in the form of the EU Single Market Programme, on the extent of product market competition and the subsequent effects of competition on innovation activity and productivity growth. The report first summarises the main messages from the existing theoretical and empirical literature on the relationship between competition and innovation and uses this to inform the subsequent empirical analysis. The theoretical literature on competition and growth emphasises the importance of economic profits, or rents, in providing incentives for firms to innovate to compete for market position or in order to enter new markets. Increased competition may increase incentives for firms to increase efficiency or to innovate in order to protect or enhance their market position. However, competition may reduce the rewards to innovation or entry into a market and thus discourage these activities. Harrison, Rupert. Simpson, Helen. European Commission : Directorate-General for Economic and Financial Affairs. Economic Papers February 2006, No 243. European Economy. Economic papers ; 243. INST UNIPILB KET 20090310 EEEP 243 EEEP 243 NOLOAN 23 1 http://ec.europa.eu/economy_finance/publications/publication_summary817_en.htm