The Returns to Innovation in East Asia: The Role of the Business Environment and Firms' Characteristics

Francesca de Nicola and Pinyi Chen

No 9921, Policy Research Working Paper Series from The World Bank

Abstract: The paper studies the relationship between innovation efforts, innovation outputs, and productivity, using firm-level data from six East Asian countries. Firms are more likely to invest in innovation when they use technology licensed by a foreign company, are part of a large group, and have a more educated workforce. Investment in research and development can significantly boost both product and process innovation. Product innovation yields significant productivity gains. However, productivity gains from process innovation are not detectable in the sample.

Keywords: Innovation; Educational Sciences; Labor Markets; Construction Industry; Plastics & Rubber Industry; General Manufacturing; Common Carriers Industry; Pulp & Paper Industry; Business Cycles and Stabilization Policies; Food & Beverage Industry; Textiles; Apparel & Leather Industry; Business Environment (search for similar items in EconPapers)
Date: 2022-02-01
New Economics Papers: this item is included in nep-cse, nep-ino, nep-sbm, nep-sea and nep-tid
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Persistent link: https://EconPapers.repec.org/RePEc:wbk:wbrwps:9921

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