Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/196711
Year of Publication: 
2019
Series/Report no.: 
IZA Discussion Papers No. 12213
Publisher: 
Institute of Labor Economics (IZA), Bonn
Abstract: 
We take a fresh look at firms' innovation-productivity linkages, using novel data capturing new aspects of innovative activity. We combine UK administrative microdata, media and website content to develop experimental metrics – new product/service launches – for a large panel of SMEs. Extensive validation and descriptive exercises show that launches complement patents, trademarks and innovation surveys. We also establish connections between launches and previous innovative activity. We then link IP, launches and productivity, controlling for media exposure and firm heterogeneity. Launch activity is associated with higher SME productivity, especially in the service sector. High-quality launches and medium-size firms help drive this result.
Subjects: 
innovation
productivity
ICT
data science
JEL: 
C55
L86
O81
Document Type: 
Working Paper

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