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Young firms and innovation: A microeconometric analysis

  • Pellegrino, Gabriele
  • Piva, Mariacristina
  • Vivarelli, Marco

This paper discusses the sources of product innovation in young innovative companies (YICs), here defined as firms engaged in product innovation and with less than 8 years of activity. In particular, we look at in-house and external R&D and at the acquisition of external technology in its embodied and disembodied components. These input–output relationships are tested on a sample of 2713 innovative Italian firms. A sample-selection approach is applied to study both the determinants of product innovation and the factors affecting the intensity of innovation.

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Article provided by Elsevier in its journal Structural Change and Economic Dynamics.

Volume (Year): 23 (2012)
Issue (Month): 4 ()
Pages: 329-340

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Handle: RePEc:eee:streco:v:23:y:2012:i:4:p:329-340
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