This paper introduces dynamics in the R&D to innovation and innovation to productivity relationships, which have mostly … individual effects and idiosyncratic errors correlated across equations and that differ in the way innovation enters the … Community Innovation Survey. The results provide evidence of robust unidirectional causality from innovation to productivity and …

Using a unique panel data of Dutch innovation and financial variables we empirically investigate how financing and … innovation vary across firm characteristics. The study also tries to gauge the extent of market failure due to the presence of …, debt financing and innovation choices are not independent of firm characteristics such as age, size, and existing leverage …

Many economic studies have examined the conditions under which innovation occurs in Canadian firms. We take the …: communication, financial services and technical business services. The data come from the 1996 innovation survey conducted by … Statistics Canada. The first objective of this paper is to explain why firms perceive the obstacles to innovation differently. We …

This paper develops a framework for testing discrete complementarities in innovation policy using European data on … obstacles to innovation. We propose a discrete test of supermodularity in innovation policy leading to a number of inequality … constraints. We apply our test to two types of innovation decisions: to innovate or not, and if so, by how much. We find that …

The purpose of this paper is to propose a composite innovation indicator derived from an econometric prediction of the … likelihood of innovating and of the amount of innovation performed by a particular firm, given information on its characteristics … the Community Innovation Surveys. It combines qualitative and quantitative data. It allows the comparison of …