Jefferson, Gary; Huamao, Bai; Xiaojing, Guan; Xiaoyun, Yu - In: Economics of Innovation and New Technology 15 (2006) 4-5, pp. 345-366
production, and the impact of innovation on firm performance. Several results stand out. Overall, the statistical relationships … within the model are surprisingly robust, including the contributions of R&D expenditure to new product (NP) innovation … those found in the US literature. We find that new product (NP) innovation accounts for approximately 12% of the total …