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Young firms and innovation: A microeconometric analysis

Gabriele Pellegrino (), Mariacristina Piva () and Marco Vivarelli ()

Structural Change and Economic Dynamics, 2012, vol. 23, issue 4, 329-340

Abstract: This paper discusses the sources of product innovation in young innovative companies (YICs), here defined as firms engaged in product innovation and with less than 8 years of activity. In particular, we look at in-house and external R&D and at the acquisition of external technology in its embodied and disembodied components. These input–output relationships are tested on a sample of 2713 innovative Italian firms. A sample-selection approach is applied to study both the determinants of product innovation and the factors affecting the intensity of innovation.

Keywords: R&D; Embodied technological change; Product innovation; New firms; Sample selection (search for similar items in EconPapers)
JEL-codes: O31 (search for similar items in EconPapers)
Date: 2012
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