The impact of innovation on economic performance in services ?

Giulio Cainelli, Rinaldo Evangelista and Maria Savona
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Giulio Cainelli: UNIBA - Università degli studi di Bari Aldo Moro = University of Bari Aldo Moro, ISPRI - Institut
Rinaldo Evangelista: ISPRI - Institut, UNICAM - Università degli Studi di Camerino = University of Camerino
Maria Savona: BETA - Bureau d'Économie Théorique et Appliquée - INRA - Institut National de la Recherche Agronomique - UNISTRA - Université de Strasbourg - UL - Université de Lorraine - CNRS - Centre National de la Recherche Scientifique, SUSSEX ENERGY GROUP SPRU BRIGHTON GBR - Partenaires IRSTEA - IRSTEA - Institut national de recherche en sciences et technologies pour l'environnement et l'agriculture, UNICAM - Università degli Studi di Camerino = University of Camerino

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Abstract: This article empirically explores the relationship between innovation and economic performance in services at the firm level. The empirical analysis is based on a unique longitudinal firm-level data set, which matches the Italian Community Innovation Survey (CIS II) data (1993–1995) and a set of economic indicators provided by the Italian System of Enterprise Account (1993–1998). In particular the empirical analysis aims at assessing whether the presence of innovation and the amount of resources devoted to innovation are able to explain the economic performance of firms in the service sector. The results presented show that innovating firms out perform non-innovating firms in terms of productivity levels and economic growth. Productivity is also found to be linked to the amount of innovation expenditures, especially those devoted to the acquisition and internal development of new software.

Keywords: Innovation; Economic performance (search for similar items in EconPapers)
Date: 2004
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Citations: View citations in EconPapers (38)

Published in Service Industries Journal, 2004, 24 (1), pp.116-130. ⟨10.1080/02642060412331301162⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-00278629

DOI: 10.1080/02642060412331301162

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