A Note on the Persistence of Firms' Innovation Behavior: A Dynamic Random Effect Probit Model Approach

Chia-Hui Huang ()
Additional contact information
Chia-Hui Huang: Institute of Industrial Economics, National Central University

Economics Bulletin, 2008, vol. 15, issue 5, 1-9

Abstract: Is firms' innovation behavior persistent? Using both patent and R&D intensity as proxy variables of innovation and employing a new estimation method of the dynamic random effect probit model, this study finds a strong effect of state dependence after controlling for the firm heterogeneity. This result indicates that there is a causal effect from past innovation to current innovation, supporting the hypothesis of persistent innovation.

Keywords: dynamic; probit; model (search for similar items in EconPapers)
JEL-codes: C2 O3 (search for similar items in EconPapers)
Date: 2008-03-06
References: Add references at CitEc
Citations: View citations in EconPapers (7)

Downloads: (external link)
http://www.accessecon.com/pubs/EB/2008/Volume15/EB-07O30006A.pdf (application/pdf)

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:ebl:ecbull:eb-07o30006

Access Statistics for this article

More articles in Economics Bulletin from AccessEcon
Bibliographic data for series maintained by John P. Conley ().