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Effects of innovation on the European wood industry market structure

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  • Alfranca, Oscar
  • Voces, Roberto
  • Herruzo, A. Casimiro
  • Diaz-Balteiro, Luis

Abstract

This study primarily aimed to contrast the potential relationships between innovation and market concentration. Thus, the relationship between innovation and the European wood industry market structure was analysed. An empirical model was assessed through panel techniques, wherein the wood industry market structure was explained through business-related variables and additional variables associated with generating innovation. The primary conclusion of this study with respect to the European wood industry is that R&D spending and R&D personnel are key factors in explaining market concentration. However, the influence of these variables may be affected by the initial degree of market concentration in the industry.

Suggested Citation

  • Alfranca, Oscar & Voces, Roberto & Herruzo, A. Casimiro & Diaz-Balteiro, Luis, 2014. "Effects of innovation on the European wood industry market structure," Forest Policy and Economics, Elsevier, vol. 40(C), pages 40-47.
    • Handle: RePEc:eee:forpol:v:40:y:2014:i:c:p:40-47
    DOI: 10.1016/j.forpol.2013.12.001
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    Cited by:

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    2. Callegari, Beniamino & Nybakk, Erlend, 2022. "Schumpeterian theory and research on forestry innovation and entrepreneurship: The state of the art, issues and an agenda," Forest Policy and Economics, Elsevier, vol. 138(C).
    3. Jarský, Vilém, 2015. "Analysis of the sectoral innovation system for forestry of the Czech Republic. Does it even exist?," Forest Policy and Economics, Elsevier, vol. 59(C), pages 56-65.
    4. Natalya Yu. Yaroshevich, 2022. "Industrial market: The semantic positioning and theoretical foundation," Journal of New Economy, Ural State University of Economics, vol. 22(4), pages 156-172, January.
    5. Meng Lin, 2022. "The Conflict between Technology and Scale: Evidence from China’s Wooden Furniture Industry," Sustainability, MDPI, vol. 15(1), pages 1-15, December.

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