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| Author: | Leeuwen, G. Van |
| Title: | On the contribution of innovation to multi-factor productivity growth |
| Journal: | Economics of innovation and new technology
2006 : JUN-JUL, VOL. 15: 4-5, p. 367-390 |
| Index terms: | economic performance growth innovation productivity Netherlands |
| Language: | eng |
| Abstract: | This study embedes the innovation production function in a model that analyzes the impact of innovation output on manufacturing multi-factor productivity (MFP) growth. A market share model is combined with a gross output production function. This revenue approach enables a "demand-shift" interpretation of the contribution of innovation to MFP growth. Different sets of instrumental variables and different estimation methods are applied to estimate simultaneously the returns from innovation investment to innovation output, the contribution of innovation output to productivity growth and the feedback link running from a company's overall sales performance to its innovation endeavor. The empirical results are drawn from the second Community Innovation Survey (CIS-2) for the Netherlands. |
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