This paper adapts the Crepon, Duguet, and Mairesse (1998) approach to estimate the relationship between innovation and … process innovation, which in turn explains labor productivity. The endogeneity of this three-stage process is controlled for … innovation, and both are important factors to explain labor productivity. Moreover, investing systematically in R&D implies an …

This paper adapts the Crepon, Duguet, and Mairesse (1998) approach to estimate the relationship between innovation and … process innovation, which in turn explains labor productivity. The endogeneity of this three-stage process is controlled for … innovation, and both are important factors to explain labor productivity. Moreover, investing systematically in R&D implies an …