Innovation Performance of Firms in Manufacturing Industry: Evidence from Belgium, Finland and Germany in 1998-2000

Elina Seppä

No 414, Discussion Papers from VATT Institute for Economic Research

Abstract: The objective of this study is to study whether the R&D expenditures in Finnish firms generate better innovation output than in Belgian and German firms following the studies of Mohnen et al. (2006) and Mohnen and Dagenais (2001) and using CIS 3 data on manufacturing firms in 1998–2000. First, we use generalised tobit model to scrutinise what factors impact the firm's propensity to innovate and the amount of innovation output, the share of sales in innovative products. Second, we construct an innovation indicator based on the estimates of pooled regression and compare the expected innovation output to the observed innovation output in sample countries and industries. We find that innovativeness is overall largest in Germany whereas the results of Belgium and Finland are nearly equal. The most surprising country differences are found in the effects of public funding, which do not have any significant impact on innovation output in Finland, have a negative impact in Belgium and positive in Germany.

Keywords: Innovation; RD; CIS; innovativeness; productivity; innovation and technology policy; Economic growth; Taloudellinen kasvu; International comparisons; Kansainväliset vertailut; Taxation and Social Transfers; Julkisen talouden rahoitus ja tulonsiirrot (search for similar items in EconPapers)
Date: 2007
New Economics Papers: this item is included in nep-cse, nep-eff and nep-ino
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