Innovation and productivity
Hall, Bronwyn (2011). Innovation and productivity. UNU-MERIT.
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Author Hall, Bronwyn Title Innovation and productivity Publication Date 2011 Publisher UNU-MERIT Abstract What do we know about the relationship between innovation and productivity among firms? The workhorse model of this relationship is presented and the implications of analysis using this model and the usually available data on product and process innovation are derived. The recent empirical evidence on the relationship between innovation and productivity in firms is then surveyed. The conclusion is that there are substantial positive impacts of product innovation on revenue productivity, but that the impact of process innovation is more ambiguous, suggesting some market power on the part of the firms being analyzed. Keyword Innovation
TFP
Revenue productivity
Cross-countryJEL O30
D20
L20Copyright Holder UNU-MERIT Copyright Year 2011 -
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