Template-type: ReDIF-Paper 1.0
Author-Name: Antonelli,Cristiano
Author-Email: cristiano.antoneli@unito.it
Author-Name: Crespi, Francesco
Author-Email: crespi@uniroma3.it
Author-Name: Scellato, Giuseppe
Author-Email: giuseppe.scellato@polito.it
Author-Workplace-Name: University of Turin
Author-Workplace-Homepage: http://www.est.unito.it/
Title: Inside innovation persistence: New evidence from Italian micro-data.
Abstract:This paper contributes the analysis of the persistence of innovation activities, as measured by different
innovation indicators and explores its past and path dependent characteristics. The study provides new
insights on the role of R&D investments in innovation persistence and analyses differentiated patterns of
persistence across product and process innovation, by accounting for complementarity effects between the
two types of innovative behaviour. The empirical analysis is based on a sample of 451 Italian manufacturing
companies observed during the years 1998-2006, and exploits both descriptive techniques such as Transition
Probability Matrix and econometric methods based on dynamic probit models. Results highlight the
relevance of innovation persistence. The highest level of persistence is found for R&D-based innovation
activities, witnessing the actual presence of significant entry and exit barriers. Moreover, we obtain more
robust evidence of persistence for product innovation than for process innovation when complementarity
effects between the two types of innovation are accounted for.
Length: 34 pages
Creation-Date: 2012-05
File-URL:http://www.est.unito.it/do/home.pl/Download?doc=/allegati_wp/wp2012dip_l_b/13_wp_momigliano.pdf
File-Format: Application/PDF
Handle: RePEc:uto:labeco:201213