Persistence of Innovation in Dutch Manufacturing: Is it Spurious?

Raymond, Wladimir, Mohnen, Pierre, Palm, Franz and Schim van der Loeff, Sybrand (2006). Persistence of Innovation in Dutch Manufacturing: Is it Spurious?. UNU-MERIT.

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  • Author Raymond, Wladimir
    Mohnen, Pierre
    Palm, Franz
    Schim van der Loeff, Sybrand
    Title Persistence of Innovation in Dutch Manufacturing: Is it Spurious?
    Publication Date 2006
    Publisher UNU-MERIT
    Abstract This paper studies the persistence of innovation and the dynamics of innovation output in Dutch manufacturing using firm data from three waves of the Community Innovation Surveys (CIS), pertaining to the periods 1994-1996, 1996-1998, and 1998-2000. We estimate by maximum likelihood a dynamic panel data type 2 tobit model accounting for individual effects and handling the initial conditions problem. We find that there is no evidence of true persistence in achieving technological product or process innovations, while past shares of innovative sales condition, albeit to a small extent, current shares of innovative sales.
    Keyword Dynamic panel data type 2 tobit
    Innovation
    Spurious persistence
    JEL C33
    C34
    O31
    Copyright Holder UNU-MERIT
    Copyright Year 2006
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    Created: Wed, 11 Dec 2013, 16:07:29 JST