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How do young innovative companies innovate?

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Author Info

  • Gabriele Pellegrino

    (Universita Cattolica del Sacro Cuore, Piacenza and Milano)

  • Mariacristina Piva

    (Universita Cattolica del Sacro Cuore, Piacenza and Milano)

  • Marco Vivarelli

    ()
    (Universita Cattolica del Sacro Cuore, Piacenza and Milano; IZA, Bonn; Max Planck Institute of Economics, Jena)

Abstract

This paper discusses the determinants of product innovation in young innovative companies (YICs) by looking at in-house and external R&D and at the acquisition of external technology in embodied and disembodied components. These input-output relationships are tested on a sample of innovative Italian firms. A sample-selection approach is applied. Results show that in-house R&D is linked to the propensity to introduce product innovation both in mature firms and YICs; however, innovation intensity in the YICs is mainly dependent on embodied technical change from external sources, while -in contrast with the incumbent firms- in-house R&D does not play a significant role.

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Bibliographic Info

Paper provided by Friedrich-Schiller-University Jena, Max-Planck-Institute of Economics in its series Jena Economic Research Papers with number 2009-055.

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Date of creation: 06 Aug 2009
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Handle: RePEc:jrp:jrpwrp:2009-055

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Keywords: R&D; product innovation; embodied technical change; CIS 3; sample selection.;

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Citations

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Cited by:
  1. Segarra Blasco, Agustí, 1958- & Gombau, Verònica, 2013. "Young innovative firms and R&D strategies: is the Spanish case different?," Working Papers 2072/222200, Universitat Rovira i Virgili, Department of Economics.
  2. José García-Quevedo & Gabriele Pellegrino & Marco Vivarelli, 2011. "The determinants of YIc's R&D activity," Working Papers XREAP2011-20, Xarxa de Referència en Economia Aplicada (XREAP), revised Dec 2011.

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