The Financial Crisis and Investment in Innovation. On the Differences Between the Manufacture and the Service Industry

Daniele Archibugi and Andrea Filippetti ()

Economia dei Servizi, 2011, issue 2, 143-160

Abstract: Based on a survey which includes over 5.000 European firms, this article investigates the innovation investment strategies of firms in response to the crisis in the service and manufacturing sectors. Overall innovation investment shows a cyclical dynamic. Countries with high intensity in knowledge-intensive services are relatively less hit by the recession. At the firm level, firms devoted to service innovation are more inclined to invest in innovation as a response of the crisis. Specifically, strategies combining both product and service innovation play a positive role in the manufacturing sector. In the service industry, instead, increase in innovation is explained by innovation in services along with new marketing practices and organizational change.

Keywords: innovation, investments, services, O14; O32. (search for similar items in EconPapers)
Date: 2011
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.rivisteweb.it/download/article/10.2382/35520 (application/pdf)
https://www.rivisteweb.it/doi/10.2382/35520 (text/html)
Access to full text is restricted to subscribers

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:mul:j1t56u:doi:10.2382/35520:y:2011:i:2:p:143-160

Access Statistics for this article

Economia dei Servizi is currently edited by Fabio Gobbo

More articles in Economia dei Servizi from Società editrice il Mulino
Bibliographic data for series maintained by ().