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

Risultato della ricerca: Contributo in rivistaArticolo in rivistapeer review

24 Citazioni (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.
Lingua originaleEnglish
pagine (da-a)1963-1976
Numero di pagine14
RivistaApplied Economics
Volume44
DOI
Stato di pubblicazionePubblicato - 2012

Keywords

  • growth
  • innovation
  • profitability
  • propensity score estimation

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