Innovative Sales, R&D and Total Innovation Expenditures: Panel Evidence on their Dynamics

Wladimir Raymond (), Pierre Mohnen, Franz Palm and Sybrand Schim van der Loeff

Abstract: 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. Dans cette étude nous estimons une fonction de production de l'innovation dynamique sur base des données de panel de cinq vagues d'enquêtes d'innovation communautaires (CIS) aux Pays-Bas couvrant la période 1994 à 2004. Nous estimons par maximum de vraisemblance un modèle tobit bivarié avec une double sélection et prise en compte des effets individuels. Nous trouvons une persistence dans l'innovation tant au niveau de l'intrant que de l'extrant et des effets de retard croisés entre les deux. Les retards perdurent au-delà de 4 ans dans le secteur high-tech. Les effets individuels et les effets particuliers aux industries sont également significatifs.

Keywords: innovation production function; panel data; CIS data; bivariate dynamic tobit; Netherlands; fonction de production de l'innovation; données de panel; tobit bivarié dynamique; Pays-Bas (search for similar items in EconPapers)
JEL-codes: C33 C34 O31 (search for similar items in EconPapers)
Date: 2009-08-01
New Economics Papers: this item is included in nep-cse, nep-ent, nep-ino, nep-sbm and nep-tid
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (12)

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Related works:
Working Paper: Innovative Sales, R&D and Total Innovation Expenditures: Panel Evidence on their Dynamics (2009)
Working Paper: Innovative sales, R&D and total innovation expenditures: panel evidence on their dynamics (2009)
Working Paper: Innovative Sales, R&D and Total Innovation Expenditures:Panel Evidence on their Dynamics (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:cir:cirwor:2009s-29

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