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Internal and external factors in innovation persistence

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  • Cristiano Antonelli
  • Francesco Crespi
  • Giuseppe Scellato

Abstract

This paper contributes to the analysis of the persistence of innovation activities, as measured by total factor productivity (TFP), and explores its internal and external determinants stressing its path-dependent characteristics. The external conditions, namely the quality of local knowledge pools and the strength of the Schumpeterian rivalry, along with the internal conditions (the actual levels of dynamic capabilities, as proxied by wage levels and firm size) exert a specific and localised effect upon the persistent introduction of innovations. A multiple transition probability matrixes (MTPMs) approach has been implemented to capture the contingent effects of external factors on long-term innovation persistence. The empirical analysis of the dynamics of firm-level TFP for a sample of approximately 7000 Italian manufacturing companies observed during the years 1996--2005 is based on both the comparison of different transition probability matrixes and on dynamic discrete choice panel data models. The evidence provided by the test of MTPMs in sub-periods suggests that innovation persistence is path-dependent, as opposed to past-dependent.

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Article provided by Taylor & Francis Journals in its journal Economics of Innovation and New Technology.

Volume (Year): 22 (2013)
Issue (Month): 3 (April)
Pages: 256-280

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Handle: RePEc:taf:ecinnt:v:22:y:2013:i:3:p:256-280

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Cited by:
  1. Antonelli Cristiano & Crespi, Francesco & Scellato, Giuseppe, 2013. "Path Dependent Patterns of Persistence in Productivity Growth," Department of Economics and Statistics Cognetti de Martiis LEI & BRICK - Laboratory of Economics of Innovation "Franco Momigliano", Bureau of Research in Innovation, Complexity and Knowledge, Collegio 201310, University of Turin.
  2. Antonelli,Cristiano & Colombelli, Alessandra, 2013. "Knowledge cumulability and complementarity in the knowledge generation function," Department of Economics and Statistics Cognetti de Martiis LEI & BRICK - Laboratory of Economics of Innovation "Franco Momigliano", Bureau of Research in Innovation, Complexity and Knowledge, Collegio 201303, University of Turin.
  3. Rosa, Julio Miguel & Mohnen, Pierre, 2013. "Doing R&D in a closed or open mode: Dynamics and impacts on productivity," MERIT Working Papers, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT) 060, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
  4. Gigante, Anna Azzurra, 2013. "Institutional Cognitive Economics: some recent developments," MPRA Paper 48278, University Library of Munich, Germany.
  5. Antonelli, Cristiano, 2013. "The Economic Complexity of Innovation as a Creative Response," Department of Economics and Statistics Cognetti de Martiis. Working Papers, University of Turin 201326, University of Turin.

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