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Innovative Sales, R&D and Total Innovation Expenditures: Panel Evidence on their Dynamics

Listed author(s):
  • Wladimir Raymond
  • Pierre Mohnen
  • Franz Palm
  • Sybrand Schim van der Loeff

This paper studies the dynamic relationship between input and output of innovation in Dutch manufacturing using an unbalanced panel of enterprise data from five waves of the Community Innovation Survey during 1994-2004. We estimate by maximum likelihood a dynamic panel data bivariate tobit with double-index sample selection accounting for individual effects. We find persistence of innovation input and innovation output, a lag effect of the former on the latter and a feedback effect of the latter on the former. The lag effect remains significant in the high-tech sector even after four years. Firm and industry effects are also important. Dans cette étude nous estimons une fonction de production de l'innovation dynamique sur base des données de panel de cinq vagues d'enquêtes d'innovation communautaires (CIS) aux Pays-Bas couvrant la période 1994 à 2004. Nous estimons par maximum de vraisemblance un modèle tobit bivarié avec une double sélection et prise en compte des effets individuels. Nous trouvons une persistence dans l'innovation tant au niveau de l'intrant que de l'extrant et des effets de retard croisés entre les deux. Les retards perdurent au-delà de 4 ans dans le secteur high-tech. Les effets individuels et les effets particuliers aux industries sont également significatifs.

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File URL: http://www.cirano.qc.ca/files/publications/2009s-29.pdf
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Paper provided by CIRANO in its series CIRANO Working Papers with number 2009s-29.

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Length: 37 pages
Date of creation: 01 Aug 2009
Handle: RePEc:cir:cirwor:2009s-29
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