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A New Approach to Estimation of the R&D-Innovation-Productivity Relationship
Department of Economics, Boston College and Department of Macroeconomics, DIW Berlin.
CESIS - Centre of Excellence for Science and Innovation Studies, Royal Institute of Technology, Stockholm.
CESIS - Centre of Excellence for Science and Innovation Studies, Royal Institute of Technology, Stockholm.
Jönköping University, Jönköping International Business School, JIBS, Economics. Jönköping University, Jönköping International Business School, JIBS, Center for Family Enterprise and Ownership (CeFEO).ORCID iD: 0000-0001-5776-9396
2015 (English)Report (Other academic)
Abstract [en]

We evaluate a Generalized Structural Equation Model (GSEM) approach to the estimation of the relationship between R&D, innovation and productivity that focuses on the potentially crucial heterogeneity across technology and knowledge levels. The model accounts for selectivity and handles the endogeneity of this relationship in a recursive framework. Employing a panel of Swedish firms observed in three consecutive Community Innovation Surveys, our maximum likelihood estimates show that many key channels of influence among the model's components differ meaningfully in their statistical significance and magnitude across sectors defined by different technology levels.

Place, publisher, year, edition, pages
Stockholm: CESIS, KTH Royal Institute of Technology , 2015. , 22 p.
Series
CESIS Working Paper Series in Economics and Institutions of Innovation, 408
Keyword [en]
R&D, Innovation, Productivity, Generalized Structural Equation Model, Community Innovation Survey
National Category
Economics
Identifiers
URN: urn:nbn:se:hj:diva-28066OAI: oai:DiVA.org:hj-28066DiVA: diva2:857694
Available from: 2015-09-29 Created: 2015-09-29 Last updated: 2015-10-02Bibliographically approved

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CiteExportLink to record
Permanent link

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Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
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