Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/200767
Authors: 
Isogawa, Daiya
Nishikawa, Kohei
Ohashi, Hiroshi
Year of Publication: 
2015
Citation: 
[Journal:] KDI Journal of Economic Policy [ISSN:] 2586-4130 [Volume:] 37 [Year:] 2015 [Issue:] 1 [Pages:] 44-72
Abstract: 
This study evaluates the economic impact of product innovation by using firm-level data from the Community Innovation Survey conducted in Japan. It accounts for possible technological spillover from innovation activities and examines the extent to which new-to-market product innovations contribute to firm performance. Econometric analysis using a simultaneous equation model reveals that new-to-market product innovation is likely to increase a firm's sales without cannibalizing those of existing products and generate more technological spillover to other firms. Moreover, such innovation is more likely to emerge from firms collaborating with academic institutions. The paper concludes by discussing policy implications of these findings as well as points to the importance of cross-country comparison between Korea and Japan.
Subjects: 
Product innovation
New to market
Spillover
Community innovation survey
JEL: 
C36
O31
O33
O38
Persistent Identifier of the first edition: 
Creative Commons License: 
https://creativecommons.org/licenses/by-sa/4.0/
Document Type: 
Article

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