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Title:How do young innovative companies innovate? PDF Logo
Authors:Pellegrino, Gabriele
Piva, Mariacristina
Vivarelli, Marco
Issue Date:2009
Series/Report no.:Jena economic research papers 2009,055
Abstract:This paper discusses the determinants of product innovation in young innovative companies (YICs) by looking at in-house and external R&D and at the acquisition of external technology in embodied and disembodied components. These input-output relationships are tested on a sample of innovative Italian firms. A sample-selection approach is applied. Results show that in-house R&D is linked to the propensity to introduce product innovation both in mature firms and YICs; however, innovation intensity in the YICs is mainly dependent on embodied technical change from external sources, while -in contrast with the incumbent firms- in-house R&D does not play a significant role.
Subjects:R&D
product innovation
embodied technical change
CIS 3
sample selection
JEL:O31
Document Type:Working Paper
Appears in Collections:Jena Economic Research Papers, MPI für Ökonomik

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