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on Technology and Industrial Dynamics |
| By: | MOTHE Caroline; NGUYEN Thi Thuc Uyen |
| Abstract: | Generally speaking, the support of technological innovation has been viewed in terms of input such as R&D and instruments such as legal protection. The literature on innovation highlights the interactive nature of the innovation process in which non-technological activities are essential. However, few works have taken into account the role of other innovative strategies such as marketing and organisational innovation, a role which may differ according to whether the firm is involved in manufacturing or in services. The purpose of this paper is to contribute to fill this gap by highlighting the effects of non-technological innovation strategies on technological innovation. For the empirical work, we used firm-level data drawn from the Community Innovation Survey 2006 for Luxembourg. Our results show that the effects of non-technological innovations differ depending on the phase of the innovation process. Marketing and organisational innovations significantly increase the likelihood of innovation, but not the commercial success of innovation. The study also shows the differentiated effects of the two types of non-technological innovation in manufacturing and service, and confirms the key role of organisational innovation for services. |
| Keywords: | CIS; Innovation; Marketing; Organisation; Technological Innovation |
| JEL: | L25 L80 O30 O32 |
| Date: | 2010–01 |
| URL: | http://d.repec.org/n?u=RePEc:irs:cepswp:2010-01&r=tid |
| By: | Dolores Añon Higon (ERI-CES); Miguel Manjon Antolin (Universidad Rovira i Virgili); Juan A. Mañez (ERI-CES) |
| Abstract: | In this study we analyze multinationality (domestic-based firms vs. multinationals) and foreignness (foreign vs. domestic firms) effects in the returns of R&D to productivity. We follow a two-step strategy. In the first step, we consistently estimate firm’s productivity by GMM and numerically compute the sample distribution of the R&D returns. In the second step, we use stochastic dominance techniques to make inferences on the multinationality and foreignness effects. Results for a panel of UK manufacturing firms suggest that multinationality and foreignness effects operate in an opposite way: whilst the multinationality effect enhances R&D returns, the foreignness diminishes them. |
| Keywords: | multinationals, foreignness, R&D, productivity |
| JEL: | C14 D24 F23 |
| Date: | 2010–07 |
| URL: | http://d.repec.org/n?u=RePEc:dbe:wpaper:1110&r=tid |
| By: | Marzia Raybaudi; Martin Sola; Shasikanta Naindebam |
| Abstract: | This paper addresses the e¤ects for partial equilibrium models of relaxing one of the critical underlying assumptions of the textbook approach (Dixit and Pyndick, 1994) to investment under uncertainty: either the potential investor has access to a single project or she can consider competing (or complementary) projects independently. This paper studies the investment decision of a multi-product monopolist where the projects exhibit interdepen- dence between the cash ‡ows of di¤erent products. We derive the optimal entry time for each product and show that both the choice and timing of investment is di¤erent from that suggested by the textbook approach. The decision to produce related goods simultaneously or sequentially crucially depends on their degree of substitutability or complementarity. |
| JEL: | D21 D24 D42 D81 |
| Date: | 2010–07 |
| URL: | http://d.repec.org/n?u=RePEc:udt:wpecon:2010-07&r=tid |
| By: | Rachel Griffith (Institute for Fiscal Studies and University College London); Gareth Macartney (Institute for Fiscal Studies and University College London) |
| Abstract: | <p>The theoretical effects of labour regulations such as employment protection legislation (EPL) on innovation is ambiguous, and empirical evidence has thus far been inconclusive. EPL increases job security and the greater enforceability of job contracts may increase worker investment in innovative activity. On the other hand EPL increases adjustment costs faced by firms, and this may lead to under-investment in activities that are likely to require adjustment, including technologically advanced innovation. In this paper we find empirical evidence that both effects are at work - multinational enterprises locate more innovative activity in countries with high EPL, however they locate more technologically advanced innovation in countries with low EPL.</p> |
| Keywords: | Innovation, employment protection, multinational firm location |
| JEL: | D21 F23 O31 J24 |
| Date: | 2010–01 |
| URL: | http://d.repec.org/n?u=RePEc:ifs:ifsewp:10/01&r=tid |