Innovative Sales, R&D and Total Innovation Expenditures: Panel Evidence on their Dynamics

Wladimir Raymond (), Pierre Mohnen, Franz Palm and Sybrand Schim van der Loeff

No 2716, CESifo Working Paper Series from CESifo

Abstract: This paper studies the dynamic relationship between input and output of innovation in Dutch manufacturing using an unbalanced panel of enterprise data from five waves of the Community Innovation Survey during 1994-2004. We estimate by maximum likelihood a dynamic panel data bivariate tobit with double-index sample selection accounting for individual effects. We find persistence of innovation input and innovation output, a lag effect of the former on the latter and a feedback effect of the latter on the former. The lag effect remains significant in the high-tech sector even after four years. Firm and industry effects are also important.

Keywords: innovation; panel bivariate tobit model; innovation expenditures (search for similar items in EconPapers)
JEL-codes: O31 (search for similar items in EconPapers)
Date: 2009
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (13)

Downloads: (external link)
https://www.cesifo.org/DocDL/cesifo1_wp2716.pdf (application/pdf)

Related works:
Working Paper: Innovative Sales, R&D and Total Innovation Expenditures: Panel Evidence on their Dynamics (2009)
Working Paper: Innovative sales, R&D and total innovation expenditures: panel evidence on their dynamics (2009)
Working Paper: Innovative Sales, R&D and Total Innovation Expenditures:Panel Evidence on their Dynamics (2009)
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:ces:ceswps:_2716

Access Statistics for this paper

More papers in CESifo Working Paper Series from CESifo Contact information at EDIRC.
Bibliographic data for series maintained by Klaus Wohlrabe ().