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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.
Royal Institute of Technology KTH.
Royal Institute of Technology KTH.
Jönköping University.
2017 (English)In: Economics of Innovation and New Technology, ISSN 1043-8599, E-ISSN 1476-8364, Vol. 26, no 1-2, 121-133 p.Article in journal (Refereed) 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.

Place, publisher, year, edition, pages
2017. Vol. 26, no 1-2, 121-133 p.
Keyword [en]
community innovation survey, generalized structural equation model, innovation, productivity, R&D, Economics, Nationalekonomi
National Category
Economics
Research subject
Economy, Economics
Identifiers
URN: urn:nbn:se:lnu:diva-62788DOI: 10.1080/10438599.2016.1202515ScopusID: 2-s2.0-84978476682OAI: oai:DiVA.org:lnu-62788DiVA: diva2:1092463
Available from: 2017-05-03 Created: 2017-05-03 Last updated: 2017-05-03

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CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • harvard1
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf