Firm Innovation Strategies: a Spatial Cohort Multinomial Probit Approach

Corinne Autant-Bernard, James LeSage and Olivier Parent

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Abstract: This paper presents a multinomial extension of the binary probit model that allows for interfirm utility based on a spatially defined cohort of firms. Extending the class of Bayesian spatiallogiVprobit models, we investigate how firms decisions regarding innovation strategies are related to a spatially defined cohort of nearby firms' strategy choices. The results suggest that firms choice of innovation strategies are similar to those made by firms located nearby in space.

Date: 2008
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Published in Annales d'Economie et de Statistique, 2008, 87-88, pp.63-80

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Journal Article: Firm Innovation Strategies: a Spatial Cohort Multinomial Probit Approach (2007)
Working Paper: Firm Innovation Strategies: a spatial cohort multinomial probit approach (2007)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-00359262

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