Please use this identifier to cite or link to this item: http://hdl.handle.net/2445/112272
Title: Innovation strategies and firm growth [WP]
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
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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