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How persistently do firms innovate?

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  • Geroski, P. A.
  • Van Reenen, J.
  • Walters, C. F.

Abstract

This paper examines the innovative history of a number of UK firms using two large databases, looking for evidence consistent with the view that firms who innovate typically do so persistently. The first sample contains 3,304 firms who registered at least one patent in the United States during the period 1969–88, while the second consists of 1,624 firms who produced at least one major innovation at any time in the United Kingdom from 1945–82. Both datasets yield the same conclusion, namely that very few innovative firms are persistently innovative.

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Bibliographic Info

Article provided by Elsevier in its journal Research Policy.

Volume (Year): 26 (1997)
Issue (Month): 1 (March)
Pages: 33-48

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Handle: RePEc:eee:respol:v:26:y:1997:i:1:p:33-48

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  1. Pavitt, Keith & Robson, Michael & Townsend, Joe, 1987. "The Size Distribution of Innovating Firms in the UK: 1945-1983," Journal of Industrial Economics, Wiley Blackwell, vol. 35(3), pages 297-316, March.
  2. Heckman, James J. & Singer, Burton, 1984. "Econometric duration analysis," Journal of Econometrics, Elsevier, vol. 24(1-2), pages 63-132.
  3. Zoltan Acs & David Audretsch, 1990. "Innovation and Small Firms," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262011131, January.
  4. Jean Tirole, 1988. "The Theory of Industrial Organization," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262200716, January.
  5. Geroski, P A & Walters, C F, 1995. "Innovative Activity over the Business Cycle," Economic Journal, Royal Economic Society, vol. 105(431), pages 916-28, July.
  6. Griliches, Zvi, 1990. "Patent Statistics as Economic Indicators: A Survey," Journal of Economic Literature, American Economic Association, vol. 28(4), pages 1661-1707, December.
  7. Jaggia, Sanjiv, 1991. "Tests of moment restrictions in parametric duration models," Economics Letters, Elsevier, vol. 37(1), pages 35-38, September.
  8. Robert J. Barro, 2013. "Inflation and Economic Growth," Annals of Economics and Finance, Society for AEF, vol. 14(1), pages 121-144, May.
  9. Malerba, Franco & Orsenigo, Luigi, 1995. "Schumpeterian Patterns of Innovation," Cambridge Journal of Economics, Oxford University Press, vol. 19(1), pages 47-65, February.
  10. Richard R. Nelson, 1959. "The Simple Economics of Basic Scientific Research," Journal of Political Economy, University of Chicago Press, vol. 67, pages 297.
  11. repec:fth:harver:1473 is not listed on IDEAS
  12. Kiefer, Nicholas M, 1988. "Economic Duration Data and Hazard Functions," Journal of Economic Literature, American Economic Association, vol. 26(2), pages 646-79, June.
  13. Elena Cefis, 1996. "Is there any persistence in innovative activities?," Department of Economics Working Papers 9606, Department of Economics, University of Trento, Italia.
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