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A new approach to estimation of the R&D–innovation–productivity relationship
Boston College, USA ; German Institute for Economic Research, Germany.
KTH Royal Institute of Technology.
KTH Royal Institute of Technology.
Jönköping University.
2017 (engelsk)Inngår i: Economics of Innovation and New Technology, ISSN 1043-8599, E-ISSN 1476-8364, Vol. 26, nr 1-2, s. 121-133Artikkel i tidsskrift (Fagfellevurdert) Published
Abstract [en]

We apply a generalized structural equation model approach to the estimation of the relationship between R&D, innovation and productivity that focuses on the potentially crucial heterogeneity across sectors. The model accounts for selectivity and handles the endogeneity of this relationship in a recursive framework which allows for feedback effects from productivity to future R&D investment. Our approach enables the estimation of the different equations as one system, allowing the coefficients to differ across sectors, and also permits us to take cross-equation correlation of the errors into account. Employing a panel of Swedish manufacturing and service firms observed in three consecutive Community Innovation Surveys in the period 2008–2012, our full-information maximum likelihood estimates show that many key channels of influence among the model's components vary meaningfully in their statistical significance and magnitude across six different sectors based on the OECD classification on technological and knowledge intensity. These results cast doubt on earlier research which does not allow for sectoral heterogeneity.

sted, utgiver, år, opplag, sider
2017. Vol. 26, nr 1-2, s. 121-133
Emneord [en]
community innovation survey, generalized structural equation model, innovation, productivity, R&D, Economics, Nationalekonomi
HSV kategori
Forskningsprogram
Ekonomi, Nationalekonomi
Identifikatorer
URN: urn:nbn:se:lnu:diva-62788DOI: 10.1080/10438599.2016.1202515Scopus ID: 2-s2.0-84978476682OAI: oai:DiVA.org:lnu-62788DiVA, id: diva2:1092463
Tilgjengelig fra: 2017-05-03 Laget: 2017-05-03 Sist oppdatert: 2018-06-01bibliografisk kontrollert

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