Cefis, Elena; Ciccarelli, Matteo - In: Economics of Innovation and New Technology 14 (2005) 1-2, pp. 43-61
The article aims to investigate empirically the effects of innovative activities on corporate profitability, using a panel of 267 UK manufacturing firms, over the period 1988-1992. Using the Bayesian approach to, explicitly, consider heterogeneity among firms, we find: (i) a positive and...