Arbeitspapier
Demand and innovation: theory and evidence
While the extant innovation literature has provided extensive evidence of the so-called "demand-pull" effect, the possible diverse impact of demand evolution on product vs process innovation activities has not been yet investigated. This paper develops a formal model predicting a larger inducing impact of past sales in fostering product rather than process innovation. This prediction is then tested through a dynamic microeconometric model, controlling for R&D persistence, sample selection, observed and unobservable individual firm effects and time and sectoral peculiarities. Results are consistent with the model and suggest that an expansionary economic policy may benefit the diffusion of new products or even the emergence of entire new sectors.
- Sprache
-
Englisch
- Erschienen in
-
Series: GLO Discussion Paper ; No. 92
- Klassifikation
-
Wirtschaft
Innovation and Invention: Processes and Incentives
- Thema
-
technological change
R&D
demand-pull innovation
dynamic two tobit
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Dawid, Herbert
Pellegrino, Gabriele
Vivarelli, Marco
- Ereignis
-
Veröffentlichung
- (wer)
-
Global Labor Organization (GLO)
- (wo)
-
Maastricht
- (wann)
-
2017
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Dawid, Herbert
- Pellegrino, Gabriele
- Vivarelli, Marco
- Global Labor Organization (GLO)
Entstanden
- 2017
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