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 ()
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Sybrand Schim van der Loeff: UNU-MERIT, and Maastricht University

No 2009-029, MERIT Working Papers from United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT)

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; production function; panel data; CIS data; bivariate dynamic tobit; the Netherlands (search for similar items in EconPapers)
JEL-codes: C33 C34 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 (11)

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https://unu-merit.nl/publications/wppdf/2009/wp2009-029.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)
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Persistent link: https://EconPapers.repec.org/RePEc:unm:unumer:2009029

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