Antonelli, Cristiano; Crespi, Francesco; Scellato, Giuseppe - In: Economics of Innovation and New Technology 22 (2013) 3, pp. 256-280
This paper contributes to the analysis of the persistence of innovation activities, as measured by total factor productivity (TFP), and explores its internal and external determinants stressing its path-dependent characteristics. The external conditions, namely the quality of local knowledge...