Article ID Journal Published Year Pages File Type
10483208 Research Policy 2013 13 Pages PDF
Abstract
► We study the persistence of R&D and innovation in a panel of manufacturing firms. ► We control for unobserved heterogeneity and initial conditions. ► We find that R&D (input) and innovation (output) are highly persistent. ► Past innovative behaviour is decisive in explaining the current state of R&D and innovation. ► R&D persistence is higher than innovation persistence.
Keywords
Related Topics
Social Sciences and Humanities Business, Management and Accounting Business and International Management
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Understanding innovation: An analysis of persistence for Spanish manufacturing firms
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