Market Structure and Innovation-A Survey of Empirical Studies of Schumpeterian Hypotheses for Developed Countries and India

This paper seeks to provide afresh appraisal of the empirical literature that analyses the Schumpeterian hypotheses pertaining to the relationship between firm size and market structure, on the one hand, and inventive activity on the other In the traditional literature on developed countries, the consensus was that targe firm size and in- creasing concentration increased innovative activity only uptoapoint However, more recent literature which adopts a more comprehensive approach has questioned the received wisdom, The writings on India, like on other developing countries, have mainly adopted a case,study approach to these questions, and have come up with insightful-but as yet non-generalisable conclusions.