It is so widely recognized that innovation is a key driver of economic growth that it is cliché to say so. This article … studies product innovation by firms with data from 68 countries, covering more than 25,000 firms in eight manufacturing … sectors. The author assesses the predictions of inter-disciplinary research on innovation by firms. The econometric evidence …

While innovation is a source of competitiveness, it may expose plants to survival risks. Using a rich set of plant … important role for the innovation-survival link: only innovators that retain diversified sources of revenues survive longer … role in the innovation-survival link. Engaging in risky innovation is not an irrational decision, since plants reap big …

moves away from the conventional focus on the obstacles (such as the lack of access to finance) that hinder firms'innovation … ability. The World Bank's Enterprise Survey is used first to estimate the return to firms'innovation across many developing … countries, in terms of sales and sales per worker. Then the return to innovation is compared across countries with different …

Innovation is key to technology adoption and creation, and to explaining the vast differences in productivity across … and within countries. Despite the central role of the entrepreneur in the innovation process, data limitations have … restricted standard analysis of the determinants of innovation to consideration of the role of firm characteristics. The authors …

, few papers examine the impact of the same variables for firms innovation in Latin America. This paper investigates the … link between firm innovation and its absorption capacity as proxied by the presence of a R&D department, the firm's human … manufacturing firms using data from innovation surveys. A probit regression model is applied to identify the determinants of …