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Innovative Events

Author

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  • Max Nathan
  • Anna Rosso

Abstract

We take a fresh look at firms' innovation-productivity linkages, using novel data capturing new aspects of innovative activity. We combine UK administrative microdata, media and website content to develop experimental metrics - new product/service launches - for a large panel of SMEs. Extensive validation and descriptive exercises show that launches complement patents, trademarks and innovation surveys. We also establish connections between launches and previous innovative activity. We then link IP, launches and productivity, controlling for media exposure and firm heterogeneity. Launch activity is associated with higher SME productivity, especially in the service sector. High-quality launches and medium-size firms help drive this result.

Suggested Citation

  • Max Nathan & Anna Rosso, 2019. "Innovative Events," CEP Discussion Papers dp1607, Centre for Economic Performance, LSE.
  • Handle: RePEc:cep:cepdps:dp1607
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    References listed on IDEAS

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    Cited by:

    1. Kinne, Jan & Axenbeck, Janna, 2018. "Web mining of firm websites: A framework for web scraping and a pilot study for Germany," ZEW Discussion Papers 18-033, ZEW - Leibniz Centre for European Economic Research.

    More about this item

    Keywords

    innovation; productivity; ICT; data science;

    JEL classification:

    • C55 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Large Data Sets: Modeling and Analysis
    • L86 - Industrial Organization - - Industry Studies: Services - - - Information and Internet Services; Computer Software

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