Innovative sales, R&D and total innovation expenditures : panel evidence on their dynamics

Arbeitspapier

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 likelihood a dynamic panel data bivariate tobit with double-index sample selection accounting for individual effects. We find persistence of innovation input and innovation output, a lag effect of the former on the latter and a feedback effect of the latter on the former. The lag effect remains significant in the high-tech sector even after four years. Firm and industry effects are also important.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: CESifo Working Paper ; No. 2716

Classification and Topics

• Classification: Wirtschaft ; Innovation and Invention: Processes and Incentives
• Subject: innovation ; panel bivariate tobit model ; innovation expenditures ; Innovation ; Industrielle Forschung ; Forschungskosten ; Panel ; Niederlande

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Raymond, Wladimir ; Mohnen, Pierre A. ; Palm, Franz ; van der Loeff, Sybrand Schim
• Event: Veröffentlichung
• (who): Center for Economic Studies and ifo Institute (CESifo)
• (where): Munich
• (when): 2009

Further information

• Handle: http://hdl.handle.net/10419/30468
• Last update: 10.03.2025, 11:43 AM CET