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http://hdl.handle.net/2445/112272
Title: | Innovation strategies and firm growth |
Author: | Bianchini, Stefano Pellegrino, Gabriele Tamagni, Federico |
Keywords: | Societats Creació d'ocupació Recerca industrial Corporations Job creation Industrial research |
Issue Date: | 2016 |
Publisher: | Institut d’Economia de Barcelona |
Series/Report no: | [WP E-IEB16/10] |
Abstract: | In this work, we explore the relations between sales growth and a set of innovation indicators that capture the different sources, modes and results of the innovative activity undertaken within firms. We exploit a rich panel on innovation activity of Spanish manufacturing firms, reporting detailed CIS-type information continuously over the period 2004-2011. Standard GMMpanel estimates of the average effect of innovation activities reveal significant and positive effect for internal R&D, while no effect is found for external sourcing of knowledge (external R&D, acquisition of embodied and disembodied technologies) as well as for output of innovation (process and product innovation). However, fixed-effects quantile regressions reveal that innovation activities, apart from process innovation and disembodied technical change, display a positive effect on high-growth performance. Finally, we find evidence of super-modularity of the growth function, revealing complementarities of internal R&D with product innovation, and between product and process innovation. |
Note: | Reproducció del document publicat a: http://www.ieb.ub.edu/2012022157/ieb/ultimes-publicacions |
It is part of: | IEB Working Paper 2016/10 |
URI: | http://hdl.handle.net/2445/112272 |
Appears in Collections: | IEB (Institut d’Economia de Barcelona) – Working Papers |
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IEB16-10_Bianchini.pdf | 981.03 kB | Adobe PDF | View/Open |
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