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| dc.contributor.author | Garcia-Quevedo, Jose |
|---|---|
| dc.contributor.author | Pellegrino, Gabriele |
| dc.contributor.author | Vivarelli, Marco |
| dc.date | 2017-10-13T12:53:40Z |
| dc.date | 2017-10-13T12:53:40Z |
| dc.date | 2011 |
| dc.identifier | http://hdl.handle.net/2445/116580 |
| dc.identifier.uri | http://hdl.handle.net/2445/116580 |
| dc.description | 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. |
| dc.format | 36 p. |
| dc.format | application/pdf |
| dc.language | eng |
| dc.publisher | Institut d’Economia de Barcelona |
| dc.relation | Reproducció del document publicat a: http://www.ieb.ub.edu/2012022157/ieb/ultimes-publicacions |
| dc.relation | IEB Working Paper 2011/31 |
| dc.relation | [WP E-IEB11/31] |
| dc.rights | cc-by-nc-nd, (c) García et al., 2011 |
| dc.rights | http://creativecommons.org/licenses/by-nc-nd/3.0/es/ |
| dc.rights | info:eu-repo/semantics/openAccess |
| dc.subject | Productivitat |
| dc.subject | Eficiència industrial |
| dc.subject | Gestió de la innovació |
| dc.subject | Recerca industrial |
| dc.subject | Productivity |
| dc.subject | Industrial efficiency |
| dc.subject | Innovation management |
| dc.subject | Industrial research |
| dc.title | The determinants of YICs’ R&D activity |
| dc.type | info:eu-repo/semantics/workingPaper |
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