Innovation, profitability and growth in medium and high-tech manufacturing industries: Evidence from Italy

Maria Mancusi, Andrea Vezzulli (), Franco Malerba (), Claudio Cozza and Giulio Perani ()
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Franco Malerba: Economics - Bocconi University [Milan, Italy]
Giulio Perani: ISTAT - ISTAT

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Abstract: The main goal of this paper is to assess the impact of product innovation on the economic performance of firms operating in medium and high-tech industries. Using information from a large and unique dataset on Italian firms we estimate, by means of propensity scores matching methods, a positive and significant "innovation premium" both in terms of profitability and growth (in the short run) for those firms who introduced new innovative products. We also find that this innovation premium is particularly large for small firms and even more so when considering new established firms.

Keywords: Social; Sciences; &; Humanities (search for similar items in EconPapers)
Date: 2011-04-01
Note: View the original document on HAL open archive server: https://hal.science/hal-00684299
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Citations: View citations in EconPapers (1)

Published in Applied Economics, 2011, pp.1. ⟨10.1080/00036846.2011.556594⟩

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Related works:
Journal Article: Innovation, profitability and growth in medium and high-tech manufacturing industries: evidence from Italy (2012)
Working Paper: Innovation, profitability and growth in medium and high-tech manufacturing industries: Evidence from Italy (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-00684299

DOI: 10.1080/00036846.2011.556594

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