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Understanding the spanish business innovation gap: the role of spillovers and firms’ absorptive capacity

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  • Paloma López-García

    ()
    (Banco de España)

  • José Manuel Montero

    ()
    (Banco de España)

Abstract

This paper investigates whether the existence of knowledge spillovers, differences in the capacity of f rms to assimilate them and disparities in some human resource management practices are related with the decision to innovate of Spanish f rms. In order to do this, we employ data from the “Central de Balances” database, which covers both manufacturing and services f rms during the period 2003-2007, and use an estimator proposed by Wooldridge (2005) for dynamic random effects discrete choice models. The empirical exercise provides evidence on the positive link between spillovers and the innovative behaviour of companies, not just for the knowledge generated in the same industry, but also for that generated in the same region or by the public sector. Moreover, this link is stronger for those f rms with a higher capacity to absorb those spillovers. This ability not only works through f rms’ R&D capabilities, but also through such factors as the quality of the labour force, the share of temporary employment and the amount of resources spent in training. In addition to these factors, we f nd that innovation performance exhibits a high degree of inertia. Further, some other observed f rm characteristics, such as size, sales growth, export behaviour, sector capital intensity or f nancial structure variables, are also found to be relevant determinants of the likelihood of innovation.

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File URL: http://www.bde.es/f/webbde/SES/Secciones/Publicaciones/PublicacionesSeriadas/DocumentosTrabajo/10/Fic/dt1015e.pdf
File Function: First version, June 2010
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Bibliographic Info

Paper provided by Banco de Espa�a in its series Banco de Espa�a Working Papers with number 1015.

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Length: 48 pages
Date of creation: Jun 2010
Date of revision:
Handle: RePEc:bde:wpaper:1015

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Keywords: innovation; R&D; spillovers; absorptive capacity; skilled labour; temporary employment; dynamic RE probit model;

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  1. Bronwyn H. Hall, 2003. "The Financing of Research and Development," Finance 0303003, EconWPA.
  2. Guellec, Dominique & Pottelsberghe de la Potterie, Bruno van, 2003. "From R&D to Productivity Growth: Do The Institutional Setting and The Source of Funds of R&D Matter?," IIR Working Paper 03-26, Institute of Innovation Research, Hitotsubashi University.
  3. Bruno Crepon & Emmanuel Duguet & Jacques Mairesse, 1998. "Research, Innovation, and Productivity: An Econometric Analysis at the Firm Level," NBER Working Papers 6696, National Bureau of Economic Research, Inc.
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