Product Innovation and Growth: The Case of Integrated Circuits

Marco Corsino

No 47, ROCK Working Papers from Department of Computer and Management Sciences, University of Trento, Italy

Abstract: Applied research on growth and innovation seems to suggest that successful innovations do not significantly enhance firm growth. This paper tests the hypothesis that the level of observation at which applied research is typically conducted hampers identification of a significant association between innovation and sales growth rates. Exploiting a unique data set, we find that product innovations commercialized in the immediate past positively affect the corporate revenue streams of semiconductor companies.

Keywords: firm growth; product innovation; semiconductor industry (search for similar items in EconPapers)
JEL-codes: L25 L63 O31 (search for similar items in EconPapers)
Date: 2008-05, Revised 2008-06-23
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Working Paper: Product Innovation and Growth: The Case of Integrated Circuits (2008)
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