Effects of innovation on the European wood industry market structure

Published Date
March 2014, Vol.40:40–47, doi:10.1016/j.forpol.2013.12.001

Author 

Oscar Alfranca ^a,,

Roberto Voces ^b

A. Casimiro Herruzo ^b

Luis Diaz-Balteiro ^b

aDepartment of Agri-Food Engineering and Biotechnology, Technical University of Catalonia, ESAB, Av. Canal Olímpic, s/n, 08860 Castelldefels, Spain

bDepartment of Forestry Economics and Management, Technical University of Madrid, Spain

Received 7 June 2013. Revised 16 December 2013. Accepted 16 December 2013. Available online 20 January 2014. 

Highlights

• Relationship between innovation and the European wood industry was analysed.
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  Wood industry market structure was explained using business and innovation variables.
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  R&D spending and personnel are key factors that explain market concentration.

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.

Keywords

Innovation

Market concentration

Research and development

Wood industry

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  Corresponding author. Tel.: + 34 9355 21227.

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