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-country
    JEL O30
    D20
    L20
    Copyright Holder UNU-MERIT
    Copyright Year 2011
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    Created: Wed, 11 Dec 2013, 16:59:25 JST