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Firm Productivity and Type of Innovation: Evidence from the Community Innovation Survey 6

Author

Listed:
  • Nebojša Stojcic

    (University of Dubrovnik, Department of Economics and Business Economics, Croatia)

  • Iraj Hashi

    (Staffordshire University, Faculty of Business, Education and Law, United Kingdom)

Abstract

Having recognized the impact of innovation for the improvement of productivity in firms and for the growth of national economies, researchers have been exploring the innovation process and its underlying factors for over a decade now. Much of the empirical findings in this area have been based on national firm-level studies while research that encompasses several countries, particularly in transition economies, is still rare. This paper attempts to fill this gap by investigating the impact of innovation on firms’ productivity across a number of East and West European countries, using a structural model based on Crepon, Duguet and Mairesse (1998) and a firm-level dataset from the 2006 round of the Community Innovation Survey (CIS6). In contrast to previous studies that focused only on product innovation as the measure of innovation output, we distinguish between firms engaged in only one type of innovation activities (product or process) and those engaged in both types. The results of the investigation provide support for the relationship between different stages of the innovation process and confirm the impact of innovation output on productivity. In addition, we find differences in the productivity associated with the type of innovation activities undertaken.

Suggested Citation

  • Nebojša Stojcic & Iraj Hashi, 2014. "Firm Productivity and Type of Innovation: Evidence from the Community Innovation Survey 6," Croatian Economic Survey, The Institute of Economics, Zagreb, vol. 16(2), pages 121-146, December.
    • Handle: RePEc:iez:survey:ces-v16_12-2014_stojcic-hashi
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    References listed on IDEAS

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    1. Nicholas Bloom & John Van Reenen, 2002. "Patents, Real Options and Firm Performance," Economic Journal, Royal Economic Society, vol. 112(478), pages 97-116, March.
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    Citations

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    Cited by:

    1. Megersa Debela Daksa & Molla Alemayehu Yismaw & Sisay Diriba Lemessa & Shemelis Kebede Hundie, 2018. "Enterprise innovation in developing countries: an evidence from Ethiopia," Journal of Innovation and Entrepreneurship, Springer, vol. 7(1), pages 1-19, December.
    2. Stojkoski, Viktor & Toshevska-Trpchevska, Katerina & Makrevska Disoska, Elena & Tevdovski, Dragan, 2021. "Identifying complementary relationships between different types of innovation: Evidence from Community Innovation Survey 2012," MPRA Paper 108753, University Library of Munich, Germany.
    3. Mahmutaj Lura Rexhepi & Krasniqi Besnik, 2020. "Innovation Types and Sales Growth in Small Firms: Evidence from Kosovo," South East European Journal of Economics and Business, Sciendo, vol. 15(1), pages 27-43, June.
    4. Makrevska Disoska, Elena & Toshevska-Trpchevska, Katerina & Tevdovski, Dragan & Jolakoski, Petar & Stojkoski, Viktor, 2021. "A longitudinal overview of the European national innovation systems through the lenses of the Community Innovation Survey," MPRA Paper 108399, University Library of Munich, Germany.
    5. Mehmet Akif Demircioglu & David B Audretsch & Timothy F Slaper, 2019. "Sources of innovation and innovation type: firm-level evidence from the United States," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 28(6), pages 1365-1379.
    6. Ramadani, Veland & Hisrich, Robert D. & Abazi-Alili, Hyrije & Dana, Léo-Paul & Panthi, Laxman & Abazi-Bexheti, Lejla, 2019. "Product innovation and firm performance in transition economies: A multi-stage estimation approach," Technological Forecasting and Social Change, Elsevier, vol. 140(C), pages 271-280.

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    More about this item

    Keywords

    innovations; productivity; CDM model; CIS6;
    All these keywords.

    JEL classification:

    • D22 - Microeconomics - - Production and Organizations - - - Firm Behavior: Empirical Analysis
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives

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