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dc.contributor.authorRaymond, Wladimiren_US
dc.contributor.authorMohnen, Pierre A.en_US
dc.contributor.authorPalm, Franzen_US
dc.contributor.authorvan der Loeff, Sybrand Schimen_US
dc.description.abstractThis paper studies the dynamic relationship between input and output of innovation in Dutch manufacturing using an unbalanced panel of enterprise data from five waves of the Community Innovation Survey during 1994-2004. We estimate by maximum likelihood a dynamic panel data bivariate tobit with double-index sample selection accounting for individual effects. We find persistence of innovation input and innovation output, a lag effect of the former on the latter and a feedback effect of the latter on the former. The lag effect remains significant in the high-tech sector even after four years. Firm and industry effects are also important.en_US
dc.publisherCenter for Economic Studies and Ifo Institute (CESifo) Munichen_US
dc.relation.ispartofseriesCESifo working paper 2716en_US
dc.subject.keywordpanel bivariate tobit modelen_US
dc.subject.keywordinnovation expendituresen_US
dc.subject.stwIndustrielle Forschungen_US
dc.titleInnovative sales, R&D and total innovation expenditures : panel evidence on their dynamicsen_US
dc.typeWorking Paperen_US
Appears in Collections:CESifo Working Papers, CESifo Group Munich

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