Firm Innovation Strategies: a Spatial Cohort Multinomial Probit Approach

Corinne Autant-Bernard, James LeSage and Olivier Parent

Annals of Economics and Statistics, 2007, issue 87-88, 63-80

Abstract: This paper presents a multinomial extension of the binary probit model that allows for inter firm utility based on a spatially defined cohort of firms. Extending the class of Bayesian spatial logit/probit 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: 2007
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Citations: View citations in EconPapers (4)

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Related works:
Working Paper: Firm Innovation Strategies: a Spatial Cohort Multinomial Probit Approach (2008)
Working Paper: Firm Innovation Strategies: a spatial cohort multinomial probit approach (2007)
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Persistent link: https://EconPapers.repec.org/RePEc:adr:anecst:y:2007:i:87-88:p:63-80

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