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How do young innovative companies innovate?

  • Gabriele Pellegrino

    (Universita Cattolica del Sacro Cuore, Piacenza and Milano)

  • Mariacristina Piva

    (Universita Cattolica del Sacro Cuore, Piacenza and Milano)

  • Marco Vivarelli

    ()

    (Universita Cattolica del Sacro Cuore, Piacenza and Milano; IZA, Bonn; Max Planck Institute of Economics, Jena)

This paper discusses the determinants of product innovation in young innovative companies (YICs) by looking at in-house and external R&D and at the acquisition of external technology in embodied and disembodied components. These input-output relationships are tested on a sample of innovative Italian firms. A sample-selection approach is applied. Results show that in-house R&D is linked to the propensity to introduce product innovation both in mature firms and YICs; however, innovation intensity in the YICs is mainly dependent on embodied technical change from external sources, while -in contrast with the incumbent firms- in-house R&D does not play a significant role.

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Paper provided by Friedrich-Schiller-University Jena in its series Jena Economic Research Papers with number 2009-055.

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Date of creation: 06 Aug 2009
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Handle: RePEc:jrp:jrpwrp:2009-055
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