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Understanding innovation: An analysis of persistence for Spanish manufacturing firms

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  • Triguero, Ángela
  • Córcoles, David

Abstract

This study focuses on the persistence of innovation in a panel of Spanish manufacturing firms for the period 1990–2008. In particular, we analyse whether persistence in firms’ innovation activities over time is the result of previous experience, the dynamic capabilities of the firm or industry-market related characteristics. We find that R&D (input) and innovation (output) are highly persistent at the firm level. After controlling for unobserved heterogeneity and initial conditions and by using a dynamic random effects probit, we conclude that there are similar determinants of persistence in R&D and innovative activities. Among external/environmental factors, market dynamism affects R&D and innovation. Regarding firm specific characteristics, size and outsourcing also have a positive impact on both processes. Past innovative behaviour is clearly more decisive in explaining the current state of R&D and innovation activities than external factors or firm-level heterogeneity.

Suggested Citation

  • Triguero, Ángela & Córcoles, David, 2013. "Understanding innovation: An analysis of persistence for Spanish manufacturing firms," Research Policy, Elsevier, vol. 42(2), pages 340-352.
  • Handle: RePEc:eee:respol:v:42:y:2013:i:2:p:340-352
    DOI: 10.1016/j.respol.2012.08.003
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    References listed on IDEAS

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    Citations

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    Cited by:

    1. Christian Le Bas & Caroline Mothe & Thuc Uyen Nguyen-Thi, 2011. "Technological innovation persistence : Literature survey and exploration of the role of organizational innovation," Working Papers 1132, Groupe d'Analyse et de Théorie Economique Lyon St-Étienne (GATE Lyon St-Étienne), Université de Lyon.
    2. Alexander Eickelpasch, 2014. "R&D Behavior of German Manufacturing Companies during the 2008/09 Recession," Discussion Papers of DIW Berlin 1357, DIW Berlin, German Institute for Economic Research.
    3. repec:wsi:ijimxx:v:21:y:2017:i:06:n:s1363919618500159 is not listed on IDEAS
    4. Peñasco, Cristina & del Río, Pablo & Romero-Jordán, Desiderio, 2017. "Analysing the Role of International Drivers for Eco-innovators," Journal of International Management, Elsevier, vol. 23(1), pages 56-71.
    5. Machado Léo, Ricardo & Tello‐Gamarra, Jorge, 2016. "Inovac¸ão em servic¸os: estado da arte e perspectivas futuras
      [Innovation in services: state of the art and future perspectives]
      ," MPRA Paper 82195, University Library of Munich, Germany, revised 29 Mar 2017.
    6. Córcoles, David & Triguero, Ángela & Cuerva, María Carmen, 2016. "Comparing persistence of product and process innovation: A discrete-time duration analysis of innovation spells," Economics - The Open-Access, Open-Assessment E-Journal, Kiel Institute for the World Economy (IfW), vol. 10, pages 1-35.
    7. Dario Guarascio & Mario Pianta & Francesco Bogliacino, 2016. "Export, R&D and new products. a model and a test on European industries," Journal of Evolutionary Economics, Springer, vol. 26(4), pages 869-905, October.
    8. Rammer, Christian & Schubert, Torben, 2016. "Concentration on the few? R&D and innovation in German firms 2001 to 2013," ZEW Discussion Papers 16-005, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research.
    9. Erika Raquel Badillo & Rosina Moreno, 2016. "Are Collaborative Agreements in Innovation Activities Persistent at the Firm Level? Empirical Evidence for the Spanish Case," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 49(1), pages 71-101, August.
    10. Christian Le Bas & Caroline Mothe & Thuc Uyen Nguyen-Thi, 2015. "The differentiated impacts of organizational innovation practices on technological innovation persistence," Post-Print hal-01301433, HAL.
    11. Rammer, Christian & Schubert, Torben, 2016. "Concentration on the few? R&D and innovation in German firms between 2001 and 2013," Discussion Papers "Innovation Systems and Policy Analysis" 54, Fraunhofer Institute for Systems and Innovation Research (ISI).
    12. repec:eee:respol:v:47:y:2018:i:3:p:623-636 is not listed on IDEAS
    13. Christian Le Bas & Caroline Mothe & Thuc Uyen Nguyen-Thi, 2015. "The differentiated impacts of organizational innovation practices on technological innovation persistence," Post-Print halshs-01497289, HAL.
    14. Cristiano Antonelli & Francesco Crespi & Giuseppe Scellato, 2015. "Productivity growth persistence: firm strategies, size and system properties," Small Business Economics, Springer, vol. 45(1), pages 129-147, June.
    15. Stefano Bianchini & Gabriele Pellegrino, 2017. "Innovation persistence and employment dynamics," Working Papers 2017/03, Institut d'Economia de Barcelona (IEB).
    16. Angela Triguero & David Córcoles & Maria Cuerva, 2014. "Persistence of innovation and firm’s growth: evidence from a panel of SME and large Spanish manufacturing firms," Small Business Economics, Springer, vol. 43(4), pages 787-804, December.
    17. Pellegrino, Gabriele & Piva, Mariacristina & Vivarelli, Marco, 2017. "Are Robots Stealing Our Jobs?," IZA Discussion Papers 10540, Institute for the Study of Labor (IZA).
    18. Barge-Gil, Andres & D'Este, Pablo & Herrera, Liliana, 2018. "Corporate scientists as the triggers of transitions towards firms' exploration research strategies," MPRA Paper 85415, University Library of Munich, Germany.
    19. Fontana, Roberto & Vezzulli, Andrea, 2016. "Technological leadership and persistence in product innovation in the Local Area Network industry 1990–1999," Research Policy, Elsevier, vol. 45(8), pages 1604-1619.

    More about this item

    Keywords

    R&D; Innovation; Persistence; Panel data; Firm heterogeneity; Market characteristics;

    JEL classification:

    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • D22 - Microeconomics - - Production and Organizations - - - Firm Behavior: Empirical Analysis
    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models

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