The business of product innovation: international empirical evidence

Daniel Lederman

No 4840, Policy Research Working Paper Series from The World Bank

Abstract: It is so widely recognized that innovation is a key driver of economic growth that it is cliché to say so. This article studies product innovation by firms with data from 68 countries, covering more than 25,000 firms in eight manufacturing sectors. The author assesses the predictions of inter-disciplinary research on innovation by firms. The econometric evidence suggests that globalization and local knowledge increase the likelihood that firms will introduce new products. By contrast, domestic regulatory impediments to competition are not robustly correlated with product innovation.

Keywords: E-Business; Innovation; Microfinance; Education for Development (superceded); Statistical&Mathematical Sciences (search for similar items in EconPapers)
Date: 2009-02-01
New Economics Papers: this item is included in nep-ent, nep-ino, nep-knm, nep-mic and nep-mkt
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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