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Innovation persistence

In: Elgar Encyclopedia on the Economics of Knowledge and Innovation

Author

Listed:
  • Francesco Crespi
  • Miriam Ruggiero
  • Giuseppe Scellato

Abstract

This chapter provides an overview of the growing literature on the analysis of the persistent character of innovation activities. The largest part of the empirical contributions provide evidence in favour of the presence of persistency patterns in innovation effort at the firm level. In particular, the literature appears to indicate the presence of true state dependence in innovative activities, as this effect is still significant in studies that control for firm-specific time variant unobservable factors. Moreover, the contemporaneous influence on current innovation performance exerted by past innovative efforts and different, internal and external, contingent factors confirms the path dependent character of innovation persistence.

Suggested Citation

  • Francesco Crespi & Miriam Ruggiero & Giuseppe Scellato, 2022. "Innovation persistence," Chapters, in: Cristiano Antonelli (ed.), Elgar Encyclopedia on the Economics of Knowledge and Innovation, chapter 27, pages 221-228, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:19760_27
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