Does firm innovation lead to high growth? Evidence from Ecuadorian firms

Diego Grijalva (), Valeria Ayala (), Paúl A. Ponce () and Yelitza Pontón ()

Revista Cuadernos de Economia, 2018, vol. 37, issue 75, 697-726

Abstract: We analyze the determinants of: i) employment and sales growth, and ii) the likelihood of becoming a high-growth firm (HGF) among Ecuadorian firms for the period 2011-2014. We apply a two-stage econometric model that controls for selection bias in the choice to innovate in regards to the two rounds of the Ecuadorian National Innovation Activities Survey. We find that younger firms and firms that spend more on R&D activities per employee have significantly higher levels of employment growth and are significantly more like to become employment HGFs.

Keywords: Firm growth; high-growth firms; job creation; entrepreneurship; innovation. (search for similar items in EconPapers)
JEL-codes: D22 L26 M21 O3 O54 (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:col:000093:017125

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