Learning through experience in Research & Development: an empirical analysis with Spanish firms
AbstractIn this paper we analyse the role of learning through experience in Research and Development (R&D) activities in strengthening firms’ capabilities to achieve innovation outcomes. Using a production function approach, we estimate a count-data model using a panel dataset of Spanish manufacturing firms for the period 1990-2006. We find that the number of years of engagement in R&D activities is positively associated with the achievement of product innovations. Our results highlight that experience in R&D is an additional technological asset to be considered for a good management practice. In particular our findings indicate that the relationship between firms’ R&D experience and product innovations is non-linear, that is, that experience has a positive effect on the probability to achieve product innovations, but at a decreasing rate. In addition, our results suggest that, although large firms are more efficient than SMEs in converting R&D investment into product innovations, SMEs obtain more efficiency gains from R&D experience than large firms.
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Bibliographic InfoPaper provided by Department of Applied Economics II, Universidad de Valencia in its series Working Papers with number 1302.
Length: 39 pages
Date of creation: Jan 2013
Date of revision:
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R&D experience; learning; product innovation; count data; SMEs;
This paper has been announced in the following NEP Reports:
- NEP-ALL-2013-01-19 (All new papers)
- NEP-CSE-2013-01-19 (Economics of Strategic Management)
- NEP-EFF-2013-01-19 (Efficiency & Productivity)
- NEP-EUR-2013-01-19 (Microeconomic European Issues)
- NEP-INO-2013-01-19 (Innovation)
- NEP-KNM-2013-01-19 (Knowledge Management & Knowledge Economy)
- NEP-SBM-2013-01-19 (Small Business Management)
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