This paper studies the links between productivity, innovation and research at the firm level. We introduce three new … features: (i) A structural model that explains productivity by innovation output, and innovation output by research investment … of firms engage in research activities and/or apply for patents; productivity, innovation and research are endogenously …

We embed the innovation production function in a model that analyzes the impact of innovation output on manufacturing … revenue approach enables a 'demand-shift' interpretation of the contribution of innovation to MFP growth. We apply different … sets of instrumental variables and different estimation methods to estimate simultaneously the returns from innovation …

This paper proposes a framework to account for innovation similar to the usual accounting framework in production … analysis and a measure of innovativity comparable to that of total factor productivity. This innovation accounting framework is … illustrated using micro-aggregated firm data from the first Community Innovation Surveys (CIS1) for seven European countries …

innovation and knowledge management and their impact on performance at the firm level for a number of countries. These studies … have been conducted using data drawn from innovation surveys combined with data from a number of other sources. The issue … illustrates the value of these surveys in improving our understanding of innovation in firms and raises a number of questions for …