dc.contributor |
Xarxa de Referència en Economia Aplicada (XREAP) |
dc.contributor.author |
García, José, 1963- |
dc.contributor.author |
Pellegrino, Gabriele |
dc.contributor.author |
Vivarelli, Marco |
dc.date.accessioned |
2011-12-22T09:56:38Z |
dc.date.accessioned |
2021-01-20T16:46:53Z |
dc.date.available |
2011-12-22T09:56:38Z |
dc.date.available |
2021-01-20T16:46:53Z |
dc.date.created |
2011-12 |
dc.date.issued |
2011-12 |
dc.identifier.uri |
http://hdl.handle.net/2072/179209 |
dc.format.extent |
45 p. |
dc.language.iso |
eng |
dc.publisher |
Xarxa de Referència en Economia Aplicada (XREAP) |
dc.relation.ispartofseries |
XREAP;2011-20 |
dc.rights |
info:eu-repo/semantics/openAccess |
dc.rights |
L'accés als continguts d'aquest document queda condicionat a l'acceptació de les condicions d'ús establertes per la següent llicència Creative Commons: http://creativecommons.org/licenses/by/3.0/es/ |
dc.source |
RECERCAT (Dipòsit de la Recerca de Catalunya) |
dc.subject |
Economy |
dc.subject |
Technological innovations |
dc.subject |
Enterprises |
dc.subject.other |
Economia |
dc.subject.other |
Empreses |
dc.subject.other |
Innovacions tecnològiques |
dc.title |
The determinants of YIc's R&D activity |
dc.type |
info:eu-repo/semantics/workingPaper |
dc.subject.udc |
33 - Economia |
dc.subject.udc |
332 - Economia regional i territorial. Economia del sòl i de la vivenda |
dc.embargo.terms |
cap |
dc.description.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. |