nep-ino New Economics Papers
on Innovation
Issue of 2018‒05‒07
24 papers chosen by
Uwe Cantner
University of Jena

  1. New evidence on determinants of IP litigation: A market-based approach By Czarnitzki, Dirk; van Criekingen, Kristof
  2. Do Patent Assertion Entities Harm Innovation? Evidence from Patent Transfers in Europe By Gianluca Orsatti; Valerio Sterzi
  3. Competition agency guidelines and policy initiatives regarding the application of competition law vis-à-vis intellectual property: An analysis of jurisdictional approaches and emerging directions By Anderson, Robert D.; Chen, Jianning; Müller, Anna Caroline; Novozhilkina, Daria; Pelletier, Philippe; Sen, Nivedita; Sporysheva, Nadezhda
  4. Control Versus Execution: Endogenous Appropriability and Entrepreneurial Strategy By Kenny Ching; Joshua S. Gans; Scott Stern
  5. Explaining Growth Differences across Firms: The Interplay between Innovation and Management Practices By Livio Romano
  6. Incentivising innovation in antibiotic drug discovery and development: progress, challenges and next steps By Simpkin, Victoria L.; Renwick, Matthew J.; Kelly, Ruth; Mossialos, Elias
  7. An Anatomy of U.S. Firms Seeking Trademark Registration By Emin M. Dinlersoz; Nathan Goldschlag; Amanda Myers; Nikolas Zolas
  8. Corporate Taxes, Patent Shifting and Anti-Avoidance Rules: Empirical Evidence By Martina Baumann; Tobias Böhm; Bodo Knoll; Nadine Riedel
  9. The Impact of Artificial Intelligence on Innovation By Iain M. Cockburn; Rebecca Henderson; Scott Stern
  10. Knowledge Transfer Abroad: The Role of U.S. Inventors within Global R&D Networks By Lee Branstetter; Britta Glennon; J. Bradford Jensen
  11. Business Cycles and Start-Ups across Industries: An Empirical Analysis of German Regions By Alexander Konon; Michael Fritsch; Alexander S. Kritikos
  12. Japan’s Experience of Creating Innovation for Smart Cities: Implications for Public Policy for Urban Sustainability By Masaru Yarime
  13. Age and High-Growth Entrepreneurship By Pierre Azoulay; Benjamin Jones; J. Daniel Kim; Javier Miranda
  14. The impact of the French policy mix on business R&D : how geography matters By Benjamin Montmartin; Marcos Herrera; Nadine Massard
  15. Threshold policy effects and directed technical change in Energy Innovation By Lionel Nesta; Elena Verdolini; Francesco Vona
  16. RIO Country Report 2017: Denmark By Mette Praest Knudsen; Jesper Lindgaard Christensen; Peder Christensen
  17. RIO Country Report 2017: Croatia By Domagoj Racic; Jadranka Svarc; Giuseppina Testa
  18. Trade Liberalization, Absorptive Capacity and the Protection of Intellectual Property Rights By Arghya GHOSH; ISHIKAWA Jota
  19. RIO Country Report 2017: Hungary By Tibor Dory; Laszlo Csonka; Milena Slavcheva
  20. The Development of Firm Size and Innovativeness in the Pharmaceutical industry between 1989 and 2010 By Martin Backfisch
  21. Age and High-Growth Entrepreneurship By Pierre Azoulay; Benjamin F. Jones; J. Daniel Kim; Javier Miranda
  22. RIO Country Report 2017: Sweden By Olof Hallonsten; Milena Slavcheva
  23. Towards a holistic assessment of employees’ acceptance of innovative workplace designs By Eileen Sim; Christopher Heywood
  24. The effects of educational mismatch on inventor productivity. Evidence from Sweden, 2003-2010 By Igna, Ioana A.

  1. By: Czarnitzki, Dirk; van Criekingen, Kristof
    Abstract: We contribute to the economic literature on patent litigation by taking a new perspective. In the past, scholars mostly focused on specific litigation cases at the patent level and related technological characteristics to the event of litigation. However, observing IP disputes suggests that not only technological characteristics may trigger litigation suits, but also the market positions of firms, and that firms dispute not only about single patents but often about portfolios. Consequently, this paper examines the occurrence of IP litigation cases in Belgian firms using the 2013 Community Innovation Survey with supplemental information on IP litigation and patent portfolios. The rich survey information regarding firms' general innovation strategies enables us to introduce market-related variables such as sales with new products as well as sales based mainly on imitation and incremental innovation. Our results indicate that when controlling for firms' IP portfolio, the composition of turnover in terms of innovations and imitations has additional explanatory power regarding litigation propensities. Firms with a high turnover from innovations are more likely to become plaintiffs in court. Contrastingly, firms with a high turnover from incremental innovation and imitation are more likely to become defendants in court, and, moreover, are more likely to negotiate settlements outside of court.
    Keywords: IP litigation,patenting,innovation,imitation
    JEL: O31 O34
    Date: 2018
    URL: http://d.repec.org/n?u=RePEc:zbw:zewdip:18018&r=ino
  2. By: Gianluca Orsatti; Valerio Sterzi
    Abstract: The recent upsurge of patent litigation cases initiated by patent assertion entities (PAEs) in the U.S. has led to an intense debate about their effect on innovation performances and on the IP system functioning. We contribute to this debate by providing original evidence based on the patenting activity of PAEs in Europe, a region where the patent assertion landscape is growing rapidly and the imminent introduction of the Unified Patent Court and the Unitary Patent will upset the current schemes. Relying on EPO (European Patent Office) data on patent transfers and patent citations, our results show that PAEs acquire patents with high average technological quality. They may thus increase liquidity in the patent market and enhance its efficiency. However, after a transfer occurs, patents transferred to PAEs receive significantly fewer citations. This suggests that producing companies whose business makes their technologies close to the ones acquired by PAEs may perceive an augmented risk of being sued. As a consequence, they reduce their innovative effort in fields populated by PAEs and this reflects into lower citations flowing towards PAEs’ acquired patents. These results are robust to different measures of citations considered and to different econometric techniques.
    Keywords: Market for technology; Patent assertion entities; Patent trolls; Patent intermediaries; Patent citations; Innovation.
    JEL: O31 O34
    Date: 2018
    URL: http://d.repec.org/n?u=RePEc:grt:wpegrt:2018-08&r=ino
  3. By: Anderson, Robert D.; Chen, Jianning; Müller, Anna Caroline; Novozhilkina, Daria; Pelletier, Philippe; Sen, Nivedita; Sporysheva, Nadezhda
    Abstract: Competition agency guidelines, policy statements and related advocacy are an important vehicle for policy expression and the guidance of firms across the full spectrum of anti-competitive practices and market conduct. The role of guidelines and policy statements has, arguably, been particularly important in the context of the competition policy treatment of intellectual property rights, given the complexity of this area, the importance that competition agencies attach to it, and its importance for innovation, technology transfer and economic growth. As such, this important normative material also provides a useful empirical foundation for mapping relevant trends and the evolution of policy thinking over time and across jurisdictions. In this light, the paper examines the competition agency guidelines, policy statements and related initiatives regarding intellectual property (IP) of the following three sets of jurisdictions: (i) the United States, Canada, the European Union and Australia; (ii) Japan and Korea; and (iii) the BRICS economies (Brazil, China, India, Russia, and South Africa). It focuses, to the extent possible, on a common set of issues addressed in one way or another in the majority of these jurisdictions, comprising: (i) the treatment of licensing practices, including refusals to license; (ii) anti-competitive patent settlements; (iii) issues concerning standard-essential patents (SEPs); (iv) the conduct of patent assertion entities (PAEs); and (v) competition advocacy activities focused on the IP system. Additionally, while the primary focus of the paper is on competition agency guidelines, policy statements and advocacy activities relating to IP, reference is also made to enforcement and case developments where they are helpful in illustrating relevant approaches and trends. Overall, the analysis suggests, firstly, that, in contrast to the situation prevailing twenty or thirty years ago, interest in the systematic application of competition law vis-à-vis IP certainly is no longer a preoccupation of only a few traditional developed jurisdictions. Secondly, we find evidence of significant cross-jurisdictional learning processes and partial policy convergence across the jurisdictions surveyed. Thirdly, the analysis also reveals the continuing potential for coordination failures in regard to the approaches taken by national authorities in this area, for example where jurisdictions take different approaches to specific practices such as refusals to license and/or give differing weights to industrial policy as opposed to consumer welfare or other objectives in their policy applications.
    Keywords: competition agency guidelines,intellectual property,antitrust,innovation,licensing agreements,refusal to license,anti-competitive patent settlements,standard-essential patents (SEPs),patent assertion entities (PAEs),competition advocacy
    JEL: K21 L4 L41 L43 O3 O34
    Date: 2018
    URL: http://d.repec.org/n?u=RePEc:zbw:wtowps:ersd201802&r=ino
  4. By: Kenny Ching; Joshua S. Gans; Scott Stern
    Abstract: This paper considers the role of Rosenbergian uncertainty (i.e., economic uncertainties that arise after successful invention) in shaping appropriability for start-up innovators. Rather than assuming that the appropriability regime surrounding an innovation is exogenous, we focus on the endogenous choice entrepreneurs face between investing in ensuring control-based appropriability versus investing in the execution and operation of their fledgling businesses. Investment in execution allows entrepreneurs to advance more quickly than competitors, while control requires delays in commercialization. Control and execution are strategic substitutes as they represent alternative paths to earning future rents. Because the size and likelihood of these rents is uncertain, entrepreneurs may be unable to rank these alternative paths in advance, and so their endogenous choice will be grounded in factors such as individual preferences, capabilities, or coherence with their overall entrepreneurial strategy. A subtle consequence is that the appropriability regime ultimately governing an innovation will be the result of the endogenous choices of the entrepreneur rather than more traditional environmental factors. Motivated by notable historical examples such as the invention and commercialization of the telephone, we explore these ideas by considering the choice of appropriability regime among a sample of academic entrepreneurs: within a sample of ventures that could have been developed by either faculty or students (or both), we find that faculty-led ventures are much more closely associated with formal intellectual property, student-led ventures are more rapid in their commercialization activities, and, relative to faculty-led ventures, student-led ventures display a tradeoff between patenting and commercialization speed.
    JEL: O32 O34
    Date: 2018–03
    URL: http://d.repec.org/n?u=RePEc:nbr:nberwo:24448&r=ino
  5. By: Livio Romano (Centro Studi Confindustria, Italy)
    Abstract: This paper provides first empirical evidence of the joint effects that innovation strategies and human resource management practices exert on firm growth. By exploiting unique information from a large sample of Italian manufacturing companies in the very recent years, it shows that investing in technology and implementing performance-based pay policies are both positively associated with a significant turnover, employment and labor productivity growth premium. However, their joint adoption does not necessarily sum the two effects. In particular, performance-based rewards boost growth of non-innovators and of firms pursuing relatively simple innovation strategies, centered around the acquisition of embodied technology. For firms strongly relying on R&D as an additional lever for product and process upgrading, the estimated effect of having in place monetary incentive mechanisms is null or even negative.
    Keywords: Heterogeneity, Innovation, Management Practices, Firm Growth
    Date: 2018–04
    URL: http://d.repec.org/n?u=RePEc:ipt:wpaper:201803&r=ino
  6. By: Simpkin, Victoria L.; Renwick, Matthew J.; Kelly, Ruth; Mossialos, Elias
    Abstract: Political momentum and funding for combatting antimicrobial resistance (AMR) continues to build. Numerous major international and national initiatives aimed at financially incentivising the research and development (R&D) of antibiotics have been implemented. However, it remains unclear how to effectively strengthen the current set of incentive programmes to further accelerate antibiotic innovation. Based on a literature review and expert input, this study first identifies and assesses the major international, European Union, US and UK antibiotic R&D funding programmes. These programmes are then evaluated across market and public health criteria necessary for comprehensively improving the antibiotic market. The current set of incentive programmes are an important initial step to improving the economic feasibility of antibiotic development. However, there appears to be a lack of global coordination across all initiatives, which risks duplicating efforts, leaving funding gaps in the value chain and overlooking important AMR goals. This study finds that incentive programmes are overly committed to early-stage push funding of basic science and preclinical research, while there is limited late-stage push funding of clinical development. Moreover, there are almost no pull incentives to facilitate transition of antibiotic products from early clinical phases to commercialisation, focus developer concentration on the highest priority antibiotics and attract large pharmaceutical companies to invest in the market. Finally, it seems that antibiotic sustainability and patient access requirements are poorly integrated into the array of incentive mechanisms
    JEL: E6
    Date: 2017–11–01
    URL: http://d.repec.org/n?u=RePEc:ehl:lserod:86434&r=ino
  7. By: Emin M. Dinlersoz; Nathan Goldschlag; Amanda Myers; Nikolas Zolas
    Abstract: This paper reports on the construction of a new dataset that combines data on trademark applications and registrations from the U.S. Patent and Trademark Office with data on firms from the U.S. Census Bureau. The resulting dataset allows tracking of various activity related to trademark use and protection over the life-cycle of firms, such as the first application for a trademark registration, the first use of a trademark, and the renewal, assignment, and cancellation of trademark registrations. Facts about firm-level trademark activity are documented, including the incidence and timing of trademark registration filings over the firm life-cycle and the connection between firm characteristics and trademark applications. We also explore the relation of trademark application filing to firm employment and revenue growth, and to firm innovative activity as measured by R&D and patents.
    Date: 2018–04
    URL: http://d.repec.org/n?u=RePEc:cen:wpaper:18-22&r=ino
  8. By: Martina Baumann; Tobias Böhm; Bodo Knoll; Nadine Riedel
    Abstract: We empirically assess international corporate tax avoidance by strategic location of innovative output. The analysis draws on the universe of patent applications to the European Patent Office linked with data on multinational entities (MNEs) in Europe. Four findings emerge: Firstly, patent holdings are distorted towards low-tax countries. Secondly, patent location in low-tax countries is correlated with a geographic separation of R&D output and input. Thirdly, MNEs systematically sort high-value (low-value) patents to low-tax (high-tax) countries. Fourthly, the propensity to locate patent ownership in low-tax countries is significantly decreased if controlled foreign company rules are enacted in the MNE’s parent country. The tightening of transfer pricing legislations, in turn, exerts a weak negative effect on the location of patent ownership only.
    Keywords: corporate patents, patent taxation, profit shifting, anti-avoidance rules
    JEL: H30 H70 J50
    Date: 2018
    URL: http://d.repec.org/n?u=RePEc:ces:ceswps:_6967&r=ino
  9. By: Iain M. Cockburn; Rebecca Henderson; Scott Stern
    Abstract: Artificial intelligence may greatly increase the efficiency of the existing economy. But it may have an even larger impact by serving as a new general-purpose “method of invention” that can reshape the nature of the innovation process and the organization of R&D. We distinguish between automation-oriented applications such as robotics and the potential for recent developments in “deep learning” to serve as a general-purpose method of invention, finding strong evidence of a “shift” in the importance of application-oriented learning research since 2009. We suggest that this is likely to lead to a significant substitution away from more routinized labor-intensive research towards research that takes advantage of the interplay between passively generated large datasets and enhanced prediction algorithms. At the same time, the potential commercial rewards from mastering this mode of research are likely to usher in a period of racing, driven by powerful incentives for individual companies to acquire and control critical large datasets and application-specific algorithms. We suggest that policies which encourage transparency and sharing of core datasets across both public and private actors may be critical tools for stimulating research productivity and innovation-oriented competition going forward.
    JEL: L1
    Date: 2018–03
    URL: http://d.repec.org/n?u=RePEc:nbr:nberwo:24449&r=ino
  10. By: Lee Branstetter; Britta Glennon; J. Bradford Jensen
    Abstract: The location of US multinational foreign R&D has shifted significantly to include emerging markets in addition to traditional Western R&D hubs, resulting in two challenges for multinationals: (1) how to transfer knowledge across geographic distances, and (2) how to facilitate learning when local knowledge sources in given technological areas are inadequate. This paper argues that to overcome these challenges, multinationals utilize home country inventors on foreign affiliate inventor teams – and in particular on teams in locations with insufficiently specialized local knowledge stocks – to facilitate knowledge transfer. Empirical analysis of a comprehensive dataset of US multinational R&D and patenting activity provides robust support for this argument. The findings have important implications for understanding how countries can gain expertise in technical areas and how poor countries can escape the knowledge trap, and they provide insight into management of increasingly dispersed multinational global R&D networks, particularly in locations with relatively unspecialized local inventors.
    JEL: O31 O32 O57
    Date: 2018–03
    URL: http://d.repec.org/n?u=RePEc:nbr:nberwo:24453&r=ino
  11. By: Alexander Konon; Michael Fritsch; Alexander S. Kritikos
    Abstract: We analyze whether start-up rates in different industries systematically change with business cycle variables. Using a unique data set at the industry level, we mostly find correlations that are consistent with counter-cyclical influences of the business cycle on entries in both innovative and non-innovative industries. Entries into the largescale industries, including the innovative part of manufacturing, are only influenced by changes in the cyclical component of unemployment, while entries into small-scale industries, like knowledge intensive services, are mostly influenced by changes in the cyclical component of GDP. Thus, our analysis suggests that favorable conditions in terms of high GDP might not be germane for start-ups. Given that both innovative and non-innovative businesses react counter-cyclically in ‘regular’ recessions, business formation may have a stabilizing effect on the economy.
    Keywords: New business formation, entrepreneurship, business cycle, manufacturing, services, innovative industries
    JEL: E32 L16 L26 R11
    Date: 2018
    URL: http://d.repec.org/n?u=RePEc:diw:diwwpp:dp1732&r=ino
  12. By: Masaru Yarime
    Abstract: In our efforts to promote an urban sustainability, the transformation to smart cities will play a significant role. As smart cities are based on advanced systems of hardware and software—covering various types of products and services relevant to urban functions— innovation for smart cities requires a significant degree of diversity in knowledge, actors, and institutions. Hence it is important to understand the characteristics of the innovation system in smart cities and to introduce policies that will promote forms of innovation that incorporate local conditions and contexts. In this paper, the innovation system of smart cities in Japan is examined to consider implications for public policies and institutional design. The analysis reveals a concentrated structure dominated by large actors, particularly in the public sector and the electric (power generation and distribution) and electronics (appliance and equipment) industries, with knowledge and technological domains concerning renewable energy, energy storage, community energy management, and applications for home appliances and electric vehicles. Policies and regulations influencing the innovation system of smart cities include economic incentives to promote renewable energy technologies, liberalization of energy markets for new entrants, participatory processes of road-mapping on key technologies, localization of demonstration projects reflecting specificities, standard setting for component technologies, and platform creation for stakeholder partnerships including academia, industry, government, and civil society. A key implication for public policy is to facilitate communication and engagement with end users in jointly creating innovation for smart cities.
    Keywords: smart city, innovation system, network analysis, stakeholder collaboration, Japan
    Date: 2018–03
    URL: http://d.repec.org/n?u=RePEc:jic:wpaper:170&r=ino
  13. By: Pierre Azoulay; Benjamin Jones; J. Daniel Kim; Javier Miranda
    Abstract: Many observers, and many investors, believe that young people are especially likely to produce the most successful new firms. We use administrative data at the U.S. Census Bureau to study the ages of founders of growth-oriented start-ups in the past decade. Our primary finding is that successful entrepreneurs are middle-aged, not young. The mean founder age for the 1 in 1,000 fastest growing new ventures is 45.0. The findings are broadly similar when considering high-technology sectors, entrepreneurial hubs, and successful firm exits. Prior experience in the specific industry predicts much greater rates of entrepreneurial success. These findings strongly reject common hypotheses that emphasize youth as a key trait of successful entrepreneurs.
    JEL: J24 L26 O51
    Date: 2018–04
    URL: http://d.repec.org/n?u=RePEc:nbr:nberwo:24489&r=ino
  14. By: Benjamin Montmartin (Observatoire français des conjonctures économiques); Marcos Herrera (National University of Salta (Argentine) (CONICET)); Nadine Massard (Université Grenoble Alpes (UGA))
    Abstract: Based on a spatial extension of an R&D investment model, this paper measures the macroeconomic impact of the French R&D policy mix on business R&D using regional data. Our measure takes into account not only the direct effect of policies but also indirect effects generated by the existence of spatial interaction between regions. Using a unique database containing information on the levels of various R&D policy instruments received by firms in French NUTS3 regions over the period 2001-2011, our estimates of a spatial Durbin model with structural breaks and fixed effects reveal the existence of a negative spatial dependence among R&D investments in regions. In this context, while a-spatial estimates would conclude that all instruments have a crowding-in effect, we show that national subsidies are the only instrument that is able to generate significant crowding-in effects. On the contrary, it seems that the design, size and spatial allocation of funds from the other instruments (tax credits, local subsidies, European subsidies) lead them to act (in the French context) as beggar-thy-neighbor policies.
    Keywords: Policy mix evaluation; R&D investment; Spatial panel; French Nuts3 regions
    JEL: H25 O31 O38
    Date: 2018–03
    URL: http://d.repec.org/n?u=RePEc:spo:wpmain:info:hdl:2441/7rrsl07p559bjr85tr7hsft1o9&r=ino
  15. By: Lionel Nesta (Observatoire français des conjonctures économiques); Elena Verdolini; Francesco Vona (Observatoire français des conjonctures économiques)
    Abstract: This paper analyzes the effect of environmental policies on the direction of energy innovation across countries over the period 1990-2012. Our novelty is to use threshold regression models to allow for discontinuities in policy effectiveness depending on a country's relative competencies in renewable and fossil fuel technologies. We show that the dynamic incentives of environmental policies become effective just above the median level of relative competencies. In this critical second regime, market-based policies are moderately effective in promoting renewable innovation, while commandand-control policies depress fossil based innovation. Finally, market-based policies are more effective to consolidate a green comparative advantage in the last regime. We illustrate how our approach can be used for policy design in laggard countries.
    Keywords: Directed technical change; Threshold models; Environmental policies; Policy mix
    JEL: Q58 Q55 Q42 Q48 O34
    Date: 2018–01
    URL: http://d.repec.org/n?u=RePEc:spo:wpmain:info:hdl:2441/2qaasbmk6u8cj8maoa30ls1roi&r=ino
  16. By: Mette Praest Knudsen; Jesper Lindgaard Christensen; Peder Christensen (European Commission - JRC)
    Abstract: The R&I Observatory country report 2017 provides a brief analysis of the R&I system covering the economic context, main actors, funding trends & human resources, policies to address R&I challenges, and R&I in national and regional smart specialisation strategies. Data is from Eurostat, unless otherwise referenced and is correct as at January 2018. Data used from other international sources is also correct to that date. The report provides a state-of-play and analysis of the national level R&I system and its challenges, to support the European Semester.
    Keywords: Research and Innovation, Denmark, Innovation System
    Date: 2018–04
    URL: http://d.repec.org/n?u=RePEc:ipt:iptwpa:jrc111331&r=ino
  17. By: Domagoj Racic (Mreza Znanja, Knowledge Network, Zagreb, Croatia); Jadranka Svarc (Ivo Pilar Institute of Social Sciences, Zagreb, Croatia); Giuseppina Testa (European Commission - JRC)
    Abstract: The R&I Observatory country report 2017 provides a brief analysis of the R&I system covering the economic context, main actors, funding trends & human resources, policies to address R&I challenges, and R&I in national and regional smart specialisation strategies. Data is from Eurostat, unless otherwise referenced and is correct as at January 2018. Data used from other international sources is also correct to that date. The report provides a state-of-play and analysis of the national level R&I system and its challenges, to support the European Semester.
    Keywords: Research and Innovation, Croatia, Innovation System
    Date: 2018–04
    URL: http://d.repec.org/n?u=RePEc:ipt:iptwpa:jrc111260&r=ino
  18. By: Arghya GHOSH; ISHIKAWA Jota
    Abstract: We examine how trade liberalization affects South's incentive to protect intellectual property rights (IPR) in a North-South duopoly model where a low-cost North firm competes with a high-cost South firm in the South market. The North firm serves the South market through either exports or foreign direct investment (FDI). The extent of effective cost difference between North and South depends on South's imitation, which in turn depends on South's IPR protection and absorptive capacity and North firm's location choice, all of which are endogenously determined in our model. For a given level of IPR protection, South's absorptive capacity under exports may be greater than under FDI. Even though innovation is exogenous to the model (and hence unaffected by South's IPR policy), strengthening IPR protection in South can improve its welfare. The relationship between trade costs and the degree of IPR protection that maximizes South welfare is non-monotone. In particular, South has an incentive to protect IPR only when trade costs are moderate. When masking technology or licensing is incorporated into the model, however, some protection of IPR may be optimal for South even if the trade costs are not moderate.
    Date: 2018–04
    URL: http://d.repec.org/n?u=RePEc:eti:dpaper:18022&r=ino
  19. By: Tibor Dory (Széchenyi István University (Győr, Hungary)); Laszlo Csonka (IKU Innovation Research Centre, Financial Research Co. (Budapest, Hungary)); Milena Slavcheva (European Commission - JRC)
    Abstract: The R&I Observatory country report 2017 provides a brief analysis of the R&I system covering the economic context, main actors, funding trends & human resources, policies to address R&I challenges, and R&I in national and regional smart specialisation strategies. Data is from Eurostat, unless otherwise referenced and is correct as at January 2018. Data used from other international sources is also correct to that date. The report provides a state-of-play and analysis of the national level R&I system and its challenges, to support the European Semester.
    Keywords: Research and Innovation, Hungary, Innovation System
    Date: 2018–04
    URL: http://d.repec.org/n?u=RePEc:ipt:iptwpa:jrc111364&r=ino
  20. By: Martin Backfisch (DHBW CAS)
    Abstract: Within the last decades, there have been many technological and regulatory changes in the pharmaceutical industry. Some of these developments facilitate the innovative activities of large firms, while others foster small firms. It is therefore surprising that the implications of these changes in the pharmaceutical industry have not often been studied empirically. We contribute to the question of firm size and innovativeness in the pharmaceutical industry in presenting a brief review of the literature on innovative activities with a focus on the relation of different firm sizes in the pharmaceutical industry and present own empirical findings. Our results with project data from a broad range of firms show that the innovative activities of small firms measured by the share of their projects on all research projects have been rising strongly between 1989 and 2010. Further, the share of small firms on new drugs has been constantly increasing in this period. On the other hand, project success rates are lowest for small firms, while the rate of projects already discontinued in the preclinical phase is highest for them. We discuss these results and find that the reasons behind these developments are crucial to understand the innovative performance of the industry within the last 20 years.
    Keywords: pharmaceutical R&D; drug development; success rates; firm size
    JEL: O32 L65
    Date: 2018
    URL: http://d.repec.org/n?u=RePEc:mar:magkse:201813&r=ino
  21. By: Pierre Azoulay; Benjamin F. Jones; J. Daniel Kim; Javier Miranda
    Abstract: Many observers, and many investors, believe that young people are especially likely to produce the most successful new firms. We use administrative data at the U.S. Census Bureau to study the ages of founders of growth-oriented start-ups in the past decade. Our primary finding is that successful entrepreneurs are middle-aged, not young. The mean founder age for the 1 in 1,000 fastest growing new ventures is 45.0. The findings are broadly similar when considering high-technology sectors, entrepreneurial hubs, and successful firm exits. Prior experience in the specific industry predicts much greater rates of entrepreneurial success. These findings strongly reject common hypotheses that emphasize youth as a key trait of successful entrepreneurs.
    Date: 2018–04
    URL: http://d.repec.org/n?u=RePEc:cen:wpaper:18-23&r=ino
  22. By: Olof Hallonsten (Lund University School of Economics and Management); Milena Slavcheva (European Commission - JRC)
    Abstract: The R&I Observatory country report 2017 provides a brief analysis of the R&I system covering the economic context, main actors, funding trends & human resources, policies to address R&I challenges, and R&I in national and regional smart specialisation strategies. Data is from Eurostat, unless otherwise referenced and is correct as at January 2018. Data used from other international sources is also correct to that date. The report provides a state-of-play and analysis of the national level R&I system and its challenges, to support the European Semester.
    Keywords: Research and Innovation, Sweden, Innovation System
    Date: 2018–04
    URL: http://d.repec.org/n?u=RePEc:ipt:iptwpa:jrc111366&r=ino
  23. By: Eileen Sim; Christopher Heywood
    Abstract: Purpose: The existing literature on the Activity Based Working (ABW) office concept and its acceptance is lacking a method to holistically evaluate it as an innovation. The purpose of this paper is to provide a model for evaluating employees’ acceptance of an innovation, specifically, an ABW office.Design/ Methodology/ approach: Research concerning Activity Based Working (ABW) offices tends to inconsistently evaluate individuals’ acceptance of it as an innovation. Studies within the ABW field tend to rely on large-scale employees’ satisfaction survey. Although these provide important results, these are often too broad and do not sufficiently explain why employees may be struggling to accept the ABW concept. This study draws on the innovation adoption, technology acceptance and existing ABW literature to provide a holistic model for evaluating employees’ ABW acceptance.Findings: A theoretical framework developed from the innovation adoption and technology acceptance literature is presented. This suggests that employees’ ABW acceptance is a conflated assessment of three dimensions: affective responses, behavioural responses and cognitive responses. Even though these may be interrelated, all three dimensions have to be assessed.Practical implications: The model presented here can serve as a useful assessment of employees’ acceptance of an innovation, specifically, ABW acceptance. This is critical because organisations are achieving mixed outcomes from the ABW but the research community are unclear why.Originality/ Value: This paper fulfils a need for a holistic and consistent way of assessing individual acceptance of an innovation or ABW.
    Keywords: Activity Based Working; corporate real estate strategies; Employee Acceptance; Innovative Workplaces; Psychological-based responses
    JEL: R3
    Date: 2017–07–01
    URL: http://d.repec.org/n?u=RePEc:arz:wpaper:eres2017_140&r=ino
  24. By: Igna, Ioana A. (Department of Economics, University of Perugia)
    Abstract: This paper investigates the influence on inventor productivity of the imperfect occupational match, measured as the number of years of education in excess and in deficit to the required level (educational mismatch). The empirical model draws on a unique database that matches information about individual inventor characteristics, such as age, experience and gender, with patenting performance in Sweden over the period 2003-2010. The results suggest that over-educated (OE) inventors file a number of patents higher than inventors who are appropriately matched (RE), but perform poorly than well-matched inventors who hold a similar level of education. Conversely, under-educated (UE) inventors file a total number of patents lower than inventors who are well-matched (RE), but more than well-matched ones who hold the same level of education. These results conform to the hierarchical pattern of ORU model, well-documented in the literature relating the employees’ wages to educational mismatch (i.e. RE>OE>UE). We find that significant differences in returns to education across match and mismatch categories remain even after controlling for individual ability. Our findings are robust to controlling for differences between younger and older inventors, geographical areas and industry of work.
    Keywords: Inventor; Productivity; Educational mismatch; Patent
    JEL: J24
    Date: 2018–04–27
    URL: http://d.repec.org/n?u=RePEc:hhs:lucirc:2018_008&r=ino

This nep-ino issue is ©2018 by Uwe Cantner. It is provided as is without any express or implied warranty. It may be freely redistributed in whole or in part for any purpose. If distributed in part, please include this notice.
General information on the NEP project can be found at http://nep.repec.org. For comments please write to the director of NEP, Marco Novarese at <director@nep.repec.org>. Put “NEP” in the subject, otherwise your mail may be rejected.
NEP’s infrastructure is sponsored by the School of Economics and Finance of Massey University in New Zealand.