This paper compares the role innovation plays in productivity across the four European countries France, Germany, Spain … still rare. We apply a structural model that describes the link between R&D expenditure, innovation output and productivity … (CDM model). Our econometric results suggest that overall the systems driving innovation and productivity are remarkably …

process and product innovation. Both these kinds of innovation have a positive impact on firm's productivity, especially …Innovation in SMEs exhibits some peculiar features that most traditional indicators of innovation activity do not … capture. Therefore, in this paper, we develop a structural model of innovation which incorporates information on innovation …

presents some empirical evidence on the effects of innovation on employment growth and therefore on firms' productivity with … contribution of innovation in general to productivity growth is almost nil in Italy during this period … stemming from process innovation. The sources of employment growth during the period are split equally between the net …

) that has been modified to include ICT investment and R&D as the two main inputs into innovation and productivity. We find … that R&D and ICT are both strongly associated with innovation and productivity, with R&D being more important for … innovation, and ICT investment being more important for productivity. For the median firm, rates of return to both investments …

, and that a high rate of machinery investment is a necessary prerequisite for rapid long-run productivity growth - a …