Export, R&D and New Products

Francesco Bogliacino, Dario Guarascio and Mario Pianta

No 12653, Documentos de Trabajo, Escuela de Economía from Universidad Nacional de Colombia, FCE, CID

Abstract: In this article we extend the model developed by Bogliacino and Pianta (2013a, 2013b) on the link between R&D, innovation and economic performance, considering the impact of innovation of export success. We develop a simultaneous three equation model in order to investigate the existence of a ‘virtuous circle’ between industries’ R&D, share of product innovators and export market shares. We investigate empirically – at the industry level – three key relationships affecting the dynamics of innovation and export performance: first, the capacity of firms to translate their R&D efforts in new products; second, the role of innovation as a determinant of export market shares; third, the export success as a driver of new R&D efforts. The model is tested for 38 manufacturing and service sectors of six European countries over three time periods from 1995 to 2010. The model effectively accounts for the dynamics of R&D efforts, innovation and international performances of European industries. Moreover, important differences across countries emerge when we split our sample in a Northern group – Germany, the Netherlands and the United Kingdom – and a Southern group – France, Italy and Spain. We find that the ‘virtuous circle’ between innovation and competitiveness holds for Northern economies only, while Southern industries fail to translate innovation efforts into export success.

Keywords: Export; R&D; Innovation; Three Stages Least Squares; Europe. (search for similar items in EconPapers)
JEL-codes: F12 F14 O31 O33 O52 (search for similar items in EconPapers)
Pages: 51
Date: 2015-03-19
New Economics Papers: this item is included in nep-ino, nep-int, nep-sbm and nep-tid
References: Add references at CitEc
Citations: View citations in EconPapers (6)

Downloads: (external link)
http://www.fce.unal.edu.co/centro-editorial/docs/e ... r-d-and-new-products
Our link check indicates that this URL is bad, the error code is: 500 Can't connect to fce.unal.edu.co:443 (Bad file descriptor) (http://www.fce.unal.edu.co/centro-editorial/docs/escuela-de-economia/60-export-r-d-and-new-products [301 Moved Permanently]--> https://fce.unal.edu.co/centro-editorial/docs/escuela-de-economia/60-export-r-d-and-new-products)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:col:000178:012653

Access Statistics for this paper

More papers in Documentos de Trabajo, Escuela de Economía from Universidad Nacional de Colombia, FCE, CID Contact information at EDIRC.
Bibliographic data for series maintained by Facultad de Ciencias Económicas Unal ().