NDLI: On the contribution of innovation to multi-factor productivity growth

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On the contribution of innovation to multi-factor productivity growth

Content Provider	Semantic Scholar
Author	Leeuwen, George Van Klomp, Luuk
Copyright Year	2006
Abstract	We embed the innovation production function in a model that analyzes the impact of innovation output on manufacturing multi-factor productivity (MFP) growth. We combine a market share model with a gross output production function. This revenue approach enables a 'demand-shift' interpretation of the contribution of innovation to MFP growth. We apply different sets of instrumental variables and different estimation methods to estimate simultaneously the returns from innovation investment to innovation output, the contribution of innovation output to productivity growth and the feedback link running from a firm's overall sales performance to its innovation endeavor. We draw our empirical results from the second Community Innovation Survey (CIS-2) for the Netherlands. The estimation results from our model show that the impact of innovation differs between measures of firm performance, and that, in our data, the revenue function approach yields more sensible results for the contribution of innovation to MFP growth than the value-added production function framework. Furthermore, the results show that the estimation of return on innovation investment benefits from the inclusion of more information on the technological environment of the firm.
Starting Page	367
Ending Page	390
Page Count	24
File Format	PDF HTM / HTML
DOI	10.1080/10438590500512927
Volume Number	15
Alternate Webpage(s)	http://emlab.berkeley.edu/users/bhhall/EINT/Van_Leeuwen_Klomp.pdf
Alternate Webpage(s)	http://eml.berkeley.edu/~bhhall/EINT/Van_Leeuwen_Klomp.pdf
Alternate Webpage(s)	https://doi.org/10.1080/10438590500512927
Language	English
Access Restriction	Open
Content Type	Text
Resource Type	Article

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