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This paper explores the effects of innovation efficiency on technology gap and product diversity between a leading firm … and its competitor. Our analysis shows some interesting results: when innovation efficiency is sufficiently large and … innovation efficiency on consumer surplus and social welfare. Managerial implications are discussed. …
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. The results of the study also demonstrated a bidirectional causality between economic growth and technological innovation …
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Knowledge-driven economy tends to enjoy tremendous technological transformation due to rapid advances in new technologies, which have given rise to a disruptive technological revolution known as the "Industry 4.0 or Fourth Industrial Revolution (4IR)" with profound impacts on firms. The adoption...
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analyzed five different measures of process innovation output: cost reductions, defect rate reductions, reductions in … of process innovation and that smaller firms are more likely to introduce new processes and are better able to transform … them into higher output. All five process innovation outputs are associated with higher labor productivity and higher sales …
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