Heshmati, Almas; Kim, Yee-Kyoung; Kim, Hyesung - Ratioinstitutet - 2006
innovativeness to innovation input, innovation output and productivity. The empirical part is based on Korean firm level innovation … productivity we correct for selectivity and simultaneity biases. The results show that there is a two-way causal relationship … between knowledge capital and labor productivity. Firm-specific effects positively contribute to innovation output but they …