Please use this identifier to cite or link to this item:
http://hdl.handle.net/2445/116580
Title: | The determinants of YICs’ R&D activity |
Author: | Garcia-Quevedo, Jose Pellegrino, Gabriele Vivarelli, Marco |
Keywords: | Productivitat Eficiència industrial Recerca industrial Gestió de la innovació Productivity Industrial efficiency Industrial research Innovation management |
Issue Date: | 2011 |
Publisher: | Institut d’Economia de Barcelona |
Series/Report no: | [WP E-IEB11/31] |
Abstract: | This paper examines the determinants of young innovative companies’ (YICs) R&D activities taking into account the autoregressive nature of innovation. Using a large longitudinal dataset comprising Spanish manufacturing firms over the period 1990-2008, we find that previous R&D experience is a fundamental determinant for mature and young firms, albeit to a smaller extent in the case of the YICs, suggesting that their innovation behaviour is less persistent and more erratic. Moreover, our results suggest that firm and market characteristics play a distinct role in boosting the innovation activity of firms of different age. In particular, while market concentration and the degree of product diversification are found to be important in boosting R&D activities in the sub-sample of mature firms only, YICs’ spending on R&D appears to be more sensitive to demand-pull variables, suggesting the presence of credit constraints. These results have been obtained using a recently proposed dynamic type-2 tobit estimator, which accounts for individual effects and efficiently handles the initial conditions problem. |
Note: | Reproducció del document publicat a: http://www.ieb.ub.edu/2012022157/ieb/ultimes-publicacions |
It is part of: | IEB Working Paper 2011/31 |
URI: | http://hdl.handle.net/2445/116580 |
Appears in Collections: | IEB (Institut d’Economia de Barcelona) – Working Papers |
Files in This Item:
File | Description | Size | Format | |
---|---|---|---|---|
IEB11-31_GarciaQuevedo.pdf | 486.6 kB | Adobe PDF | View/Open |
This item is licensed under a Creative Commons License