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Innovative Sales, R&D and Total Innovation Expenditures:Panel Evidence on their Dynamics
Raymond, Wladimir; Mohnen, Pierre; Palm, Franz; Schim … - United Nations University, Maastricht Economic and … - 2009
This paper studies the dynamic relationship between input and output of innovation in Dutch manufacturing using an … unbalanced panel of enterprise data from five waves of the Community Innovation Survey during 1994-2004. We estimate by maximum … persistence of innovation input and innovation output, a lag effect of the former on the latter and a feedback effect of the …
Persistent link: https://www.econbiz.de/10008629990
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Innovative Sales, R&D and Total Innovation Expenditures: Panel Evidence on their Dynamics
Raymond, Wladimir; Mohnen, Pierre; Palm, Franz; Loeff, … - Centre Interuniversitaire de Recherche en Analyse des … - 2009
This paper studies the dynamic relationship between input and output of innovation in Dutch manufacturing using an … unbalanced panel of enterprise data from five waves of the Community Innovation Survey during 1994-2004. We estimate by maximum … persistence of innovation input and innovation output, a lag effect of the former on the latter and a feedback effect of the …
Persistent link: https://www.econbiz.de/10005078716
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Dynamic models of R&D, innovation and productivity : panel data evidence for Dutch and French manufacturing
Raymond, Wladimir; Mairesse, Jacques; Mohnen, Pierre A.; … - 2013
This paper introduces dynamics in the R&D to innovation and innovation to productivity relationships, which have mostly … individual effects and idiosyncratic errors correlated across equations and that differ in the way innovation enters the … Community Innovation Survey. The results provide evidence of robust unidirectional causality from innovation to productivity and …
Persistent link: https://www.econbiz.de/10009764446
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Dynamic Models of R&D, Innovation and Productivity: Panel Data Evidence for Dutch and French Manufacturing
Raymond, Wladimir; Mairesse, Jacques; Mohnen, Pierre; … - 2013
This paper introduces dynamics in the R&D to innovation and innovation to productivity relationships, which have mostly … individual effects and idiosyncratic errors correlated across equations and that differ in the way innovation enters the … Community Innovation Survey. The results provide evidence of robust unidirectional causality from innovation to productivity and …
Persistent link: https://www.econbiz.de/10010317010
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Dynamic Models of R&D, Innovation and Productivity: Panel Data Evidence for Dutch and French Manufacturing
Raymond, Wladimir; Mairesse, Jacques; Mohnen, Pierre; … - CESifo - 2013
This paper introduces dynamics in the R&D to innovation and innovation to productivity relationships, which have mostly … individual effects and idiosyncratic errors correlated across equations and that differ in the way innovation enters the … Community Innovation Survey. The results provide evidence of robust unidirectional causality from innovation to productivity and …
Persistent link: https://www.econbiz.de/10010670799
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The Behavior of the Maximum Likelihood Estimator of Dynamic Panel Data Sample Selection Models
Mohnen, Pierre; Raymond, Wladimir; Palm, Franz; Schim … - United Nations University, Maastricht Economic and … - 2007
This paper proposes a method to implement maximum likelihood estimation of the dynamic panel data type 2 and 3 tobit models. The likelihood function involves a two-dimensional indefinite integral evaluated using "two-step" Gauss-Hermite quadrature. A Monte Carlo study shows that the quadrature...
Persistent link: https://www.econbiz.de/10005451579
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The Behavior of the Maximum Likelihood Estimator of Dynamic Panel Data Sample Selection Models
Mohnen, Pierre; Raymond, Wladimir; Palm, Franz; Schim … - United Nations University-Maastricht Economic Research … - 2007
This paper proposes a method to implement maximum likelihood estimation of the dynamic panel data type 2 and 3 tobit models. The likelihood function involves a two-dimensional indefinite integral evaluated using "two-step" Gauss-Hermite quadrature. A Monte Carlo study shows that the quadrature...
Persistent link: https://www.econbiz.de/10010712009
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A panel data model with generalized higher-order network effects
Baltagi, Badi H.; Ding, Sophia; Egger, Peter - 2020
Many data situations require the consideration of network effects among the cross-sectional units of observation. In this paper, we present a generalized panel model which accounts for two features: (i) three types of network effects on the right-hand side of the model, namely through weighted...
Persistent link: https://www.econbiz.de/10012306579
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Non-convexities in the Adjustment of Different Capital Inputs: A Firm-level Investigation
Del Boca, Alessandra; Galeotti, Marzio; Rota, Paola - 2003
Recent developments in investment research have highlighted the importance of non-convexities and irreversibilities in the firms' adjustment of quasi-fixed inputs. However, aggregation across capital goods may smooth out the discontinuities associated with the adjustment of individual assets....
Persistent link: https://www.econbiz.de/10011325051
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Capital heterogeneity: Does it matter? Fundamental Q and investment on a panel of Italian firms
Bontempi, Elena; Del Boca, Alessandra; Franzosi, Alessandra - 2001
In this paper we study the determinants of investment decisions at the firm level with heterogeneous capital goods. We exploit a newly developed panel dataset of small and medium-sized firms which allows us to distinguish between purchases, sales, and net acquisitions of capital goods. We...
Persistent link: https://www.econbiz.de/10011608850