Innovation and the economic downturn: Insights from Portuguese firms

Hugo Pinto, Tiago Santos Pereira () and Elvira Uyarra
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Tiago Santos Pereira: Centre for Social Studies, University of Coimbra, Coimbra, Portugal

No 98, GEE Papers from Gabinete de Estratégia e Estudos, Ministério da Economia

Abstract: Recent research has found evidence of a variety of business profiles regarding innovation during the economic downturn. Several studies reported that firms were reducing or abandoning innovation activities and dropping related expenses while other authors have found that some firms are exploring the economic turbulence as an opportunity for creative destruction and to gain competitive advantage. This article explores the data collected from the last waves of CIS (Community Innovation Survey) in Portugal (2006-2008-2010-2012) to understand the changes in the determinants of the development of innovation activities, product and process innovation, before, during and in the peak of the crisis. The empirical study presents limited dependent variable models to analyse the relevance of structural factors, absorptive capacity and strategic variables in the different periods. The article concludes with implications for the behaviour of firms and innovation resilience.

Keywords: CIS; crisis; exploitation; exploration; innovation; persistence; resilience (search for similar items in EconPapers)
JEL-codes: C21 C25 O31 O32 O38 (search for similar items in EconPapers)
Pages: 21 pages
Date: 2018-03, Revised 2018-03
New Economics Papers: this item is included in nep-ino, nep-sbm and nep-tid
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https://www.gee.gov.pt//RePEc/WorkingPapers/GEE_PAPERS_98.pdf First version, 2018 (application/pdf)

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Persistent link: https://EconPapers.repec.org/RePEc:mde:wpaper:0098

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