Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/19145
Authors: 
Raymond, Wladimir
Mohnen, Pierre A.
Palm, Franz
van der Loeff, Sybrand Schim
Year of Publication: 
2006
Series/Report no.: 
CESifo Working Paper 1681
Abstract: 
This paper studies the persistence of innovation and the dynamics of innovation output in Dutch manufacturing using firm data from three waves of the Community Innovation Surveys (CIS), pertaining to the periods 1994-1996, 1996-1998, and 1998-2000. We estimate by maximum likelihood a dynamic panel data type 2 tobit model accounting for individual effects and handling the initial conditions problem. We find that there is no evidence of true persistence in achieving technological product or process innovations, while past shares of innovative sales condition, albeit to a small extent, current shares of innovative sales.
Subjects: 
dynamic panel data type 2 tobit
innovation
spurious persistence
JEL: 
C33
O31
C34
Document Type: 
Working Paper

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