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|Title: ||Innovation and Productivity of Dutch Firms: A Panel Data Analysis|
|Authors: ||Vancauteren, Mark|
|Issue Date: ||2014|
|Citation: ||Canadian Economic Association, Vancouver, BC, 28-31 May 2014|
|Abstract: ||This paper revisits the empirical innovation-productivity relationship based on the research initiated by Crépon, Duguet, and Mairesse (1998). We use a dataset including (almost) all firms (group enterprises), located in the Netherlands, that applied for one or more patents issued by the European Patent Office during the period 2000-2006. We estimate a structural, dynamic panel data model that disentangles the impact of R&D expenditure on (European) patent applications and the impact of patent applications on Multi-Factor
Productivity (Growth). We also allow for the possibility that a
firm with patent applications does not report its R&D. We find
evidence that the output innovation affects productivity positively and the strong presence of random effects in explaining the R&D-patent relationship is an important driver to innovation.|
|Type: ||Conference Material|
|Appears in Collections: ||Research publications|
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