Innovation, profitability and growth in medium and high-tech manufacturing industries: evidence from Italy

被引：36

作者：

Cozza, Claudio ^{[2
]}

Malerba, Franco ^{[1
,3
]}

Mancusi, Maria Luisa ^{[1
,3
]}

Perani, Giulio ^{[4
]}

Vezzulli, Andrea ^{[3
,5
,6
]}

机构：

[1] Bocconi Univ, Dept Management & Technol, I-20136 Milan, Italy

[2] European Commiss, JRC, IPTS, Seville, Spain

[3] Bocconi Univ, KITeS CESPRI, I-20136 Milan, Italy

[4] Italian Natl Inst Stat, ISTAT SSI D, I-00173 Rome, Italy

[5] Univ Tecn Lisboa, ISEG, P-1249078 Lisbon, Portugal

[6] UECE, P-1249078 Lisbon, Portugal

来源：

APPLIED ECONOMICS | 2012年 / 44卷 / 15期

关键词：

innovation; profitability; growth; propensity score estimation; PROPENSITY SCORE; FIRM GROWTH; EMPLOYMENT; ENTRY; MODEL; EXIT;

D O I：

10.1080/00036846.2011.556594

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

The main goal of this article is to assess the impact of product innovation on the economic performance of firms operating in Medium and High-Tech (M&HT) industries. Using information from a large and unique dataset on Italian firms we estimate, by means of Propensity Score (PS) matching methods, a positive and significant ' innovation premium' both in terms of profitability and growth (in the short-run) for those firms who introduced new innovative products. We also find that this innovation premium is particularly large for small firms and even more so when considering new established firms.

引用

页码：1963 / 1976

页数：14

共 36 条

[1] THE DETERMINANTS OF SMALL-FIRM GROWTH IN UNITED-STATES MANUFACTURING [J].

ACS, ZJ ;

AUDRETSCH, DB .

APPLIED ECONOMICS, 1990, 22 (02) :143-153

[2] A MODEL OF GROWTH THROUGH CREATIVE DESTRUCTION [J].

AGHION, P ;

HOWITT, P .

ECONOMETRICA, 1992, 60 (02) :323-351

[3] What characterizes a fast-growing firm? [J].

Almus, M .

APPLIED ECONOMICS, 2002, 34 (12) :1497-1508

[4]

Alvarez Roberto., 2004, J INT TRADE DEV, V13, P57

[5]

[Anonymous], 2092 CEPR

[6]

[Anonymous], 2005, OECD SCI TECHN IND S

[7] Innovation, growth and survival [J].

Audretsch, DB .

INTERNATIONAL JOURNAL OF INDUSTRIAL ORGANIZATION, 1995, 13 (04) :441-457

[8] Estimation of average treatment effects based on propensity scores [J].

Becker, Sascha O. ;

Ichino, Andrea .

STATA JOURNAL, 2002, 2 (04) :358-377

[9] Exceptional exporter performance: cause, effect, or both? [J].

Bernard, AB ;

Jensen, JB .

JOURNAL OF INTERNATIONAL ECONOMICS, 1999, 47 (01) :1-25

[10] PROFIT DIFFERENTIALS AND INNOVATION [J].

Cefis, Elena ;

Ciccarelli, Matteo .

ECONOMICS OF INNOVATION AND NEW TECHNOLOGY, 2005, 14 (1-2) :43-61

← 1 2 3 4 →