Product Innovation and Growth: The Case of Integrated Circuits

Marco Corsino

LEM Papers Series from Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy

Abstract: A puzzling evidence stemming from the applied research on growth and innovation is that successful innovations do not appear to have a significant effect on sales growth rates, at odds with the expectation that successful innovators will prosper at the expenses of their less able competitors. The present paper tests a research hypothesis claiming that the level of observation at which applied research is typically conducted hampers the identification of a significant association between innovation and sales growth rates. Exploiting a unique and original database comprising detailed information on product innovations by leading semiconductor companies, we find components commercialized in the nearest past to positively affect the stream of corporate revenues.

Keywords: Firm Growth; Product Innovation; Semiconductor industry (search for similar items in EconPapers)
Date: 2008-02-07
New Economics Papers: this item is included in nep-ino, nep-mkt and nep-tid
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Working Paper: Product Innovation and Growth: The Case of Integrated Circuits (2008)
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Persistent link: https://EconPapers.repec.org/RePEc:ssa:lemwps:2008/02

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