Chia-Hui Huang () (Institute of Industrial Economics, National Central University)
Abstract
Is firms' innovation behavior persistent? Using both patent and R&D intensity as proxy variables of innovation and employing a new estimation method of the dynamic random effect probit model, this study finds a strong effect of state dependence after controlling for the firm heterogeneity. This result indicates that there is a causal effect from past innovation to current innovation, supporting the hypothesis of persistent innovation.
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Article provided by Economics Bulletin in its journal Economics Bulletin.
Volume (Year): 15 (2008) Issue (Month): 5 () Pages: 1-9 Download reference. The following formats are available: HTML,
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Handle: RePEc:ebl:ecbull:v:15:y:2008:i:5:p:1-9
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