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

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

doi:10.1080/00036846.2011.556594

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

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

Risultato della ricerca: Contributo in rivista › Articolo › peer 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 originale	Inglese
pagine (da-a)	1963-1976
Numero di pagine	14
Rivista	Applied Economics
Volume	44
DOI	https://doi.org/10.1080/00036846.2011.556594
Stato di pubblicazione	Pubblicato - 2012

Keywords

growth
innovation
profitability
propensity score estimation

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AB - 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.

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

Abstract

Keywords

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