Innovative events

Max Nathan and Anna Rosso

CEP Discussion Papers from Centre for Economic Performance, LSE

Abstract: We take a fresh look at firms' innovation-productivity linkages, using novel data capturing new aspects of innovative activity. We combine UK administrative microdata, media and website content to develop experimental metrics - new product/service launches - for a large panel of SMEs. Extensive validation and descriptive exercises show that launches complement patents, trademarks and innovation surveys. We also establish connections between launches and previous innovative activity. We then link IP, launches and productivity, controlling for media exposure and firm heterogeneity. Launch activity is associated with higher SME productivity, especially in the service sector. High-quality launches and medium-size firms help drive this result.

Keywords: innovation; productivity; ICT; data science (search for similar items in EconPapers)
JEL-codes: C55 L86 (search for similar items in EconPapers)
Date: 2019-03-20
New Economics Papers: this item is included in nep-bec, nep-cse, nep-ent, nep-ict, nep-ino, nep-sbm and nep-tid
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https://cep.lse.ac.uk/pubs/download/dp1607.pdf (application/pdf)

Related works:
Working Paper: Innovative events (2019)
Working Paper: Innovative events (2019)
Working Paper: Innovative Events (2019)
Working Paper: Innovative Events (2019)
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Persistent link: https://EconPapers.repec.org/RePEc:cep:cepdps:dp1607

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