Innovation, profitability and growth in medium and high-tech manufacturing industries: evidence from Italy

Maria Luisa Mancusi, Claudio Cozza, Franco Malerba, Giulio Perani, Andrea Vezzulli

Research output: Contribution to journalArticlepeer-review

24 Citations (Scopus)

Abstract

The main goal of this article is to assess the impact of product innovation on the economic performance of firms operating in Medium and High-Tech (M&HT) industries. Using information from a large and unique dataset on Italian firms we estimate, by means of propensity Score (PS) matching methods, a positive and significant ‘innovation premium’ both in terms of profitability and growth (in the short-run) for those firms who introduced new innovative products. We also find that this innovation premium is particularly large for small firms and even more so when considering new established firms.
Original languageEnglish
Pages (from-to)1963-1976
Number of pages14
JournalApplied Economics
Volume44
DOIs
Publication statusPublished - 2012

Keywords

  • growth
  • innovation
  • profitability
  • propensity score estimation

Fingerprint

Dive into the research topics of 'Innovation, profitability and growth in medium and high-tech manufacturing industries: evidence from Italy'. Together they form a unique fingerprint.

Cite this