|
on Technology and Industrial Dynamics |
|
Issue of 2014‒05‒09
seven papers chosen by Fulvio Castellacci Norwegian Institute of International Affairs (NUPI) |
| By: | Giovanni Dosi; Marco Grazzi; Daniele Moschella |
| Abstract: | This paper examines the determinants of international competitiveness at the level of sectors and firms. First, we address the relation between cost-related and technological competition in a sample of fifteen OECD countries. Results suggest that the countries' sectoral market shares are indeed mainly shaped by technological factors (proxied by investment intensity and patents) while cost advantages/disadvantages do not seem to be play any significant role. Next, we attempt to identify the underlying dynamics at the firm level. We do that for a single country, Italy, using a large panel of Italian firms, over nearly two decades. Results show that also at micro level in most sectors investments and patents correlate positively both with the probability of being an exporter and with the capacity to acquire and to increase export market shares. The evidence on costs is more mixed. A simple measure like total labour compensation is positively correlated with the probability of being an exporter, while unit labour costs show a negative correlation only in some manufacturing sectors. |
| Keywords: | Trade Competitiveness, Technological Innovation, Input Costs, Firm behaviour, Technology Gap Theories of Trade |
| Date: | 2014–04–23 |
| URL: | http://d.repec.org/n?u=RePEc:ssa:lemwps:2014/10&r=tid |
| By: | Stefano Bianchini; Giulio Bottazzi; Federico Tamagni |
| Abstract: | Theoretical and empirical studies of industry dynamics have extensively focused on the process of growth. Theory predicts that production efficiency, profitability and financial status are central channels through which some firms can survive, grow and eventually achieve outstanding growth performance. Is the same conceptual framework a convincing explanation to account for persistent corporate high growth? Exploiting panels of Italian, Spanish, and French firms we find no evidence that this is the case: companies experiencing persistent high growth are not more productive nor more profitable, and do not display peculiarly sounder financial conditions than firms that only exhibit high, but not persistent, growth performance. The finding is robust across countries, across sectors displaying different innovation patterns, and also controlling for demographic characteristics such as age and size. |
| Keywords: | High-growth firms, Persistent high-growth, Productivity, Firm age, Firm size |
| Date: | 2014–04–05 |
| URL: | http://d.repec.org/n?u=RePEc:ssa:lemwps:2014/11&r=tid |
| By: | Segarra Blasco, Agustí, 1958-; Teruel, Mercedes |
| Abstract: | This paper analyses the effect of R&D investment on firm growth. We use an extensive sample of Spanish manufacturing and service firms. The database comprises diverse waves of Spanish Community Innovation Survey and covers the period 2004–2008. First, a probit model corrected for sample selection analyses the role of innovation on the probability of being a high-growth firm (HGF). Second, a quantile regression technique is applied to explore the determinants of firm growth. Our database shows that a small number of firms experience fast growth rates in terms of sales or employees. Our results reveal that R&D investments positively affect the probability of becoming a HGF. However, differences appear between manufacturing and service firms. Finally, when we study the impact of R&D investment on firm growth, quantile estimations show that internal R&D presents a significant positive impact for the upper quantiles, while external R&D shows a significant positive impact up to the median. Keywords : High-growth firms, Firm growth, Innovation activity. JEL Classifications : L11, L25, L26, O30 |
| Keywords: | Empreses -- Creixement, Innovacions tecnològiques, Emprenedoria, Investigació industrial, 33 - Economia, |
| Date: | 2014 |
| URL: | http://d.repec.org/n?u=RePEc:urv:wpaper:2072/228402&r=tid |
| By: | Tischler, Joachim |
| Abstract: | Young technology ventures are strongly affected by technological environmental conditions. In the light of opportunity theory, this study focuses on the interaction of a young firm’s technological base and the pace of technological development in its field. It distinguishes three technological characteristics: radicalness, scope, and the degree of collaborative development. Empirical results support the hypothesis that young technology-based firms commercializing radical technologies grow faster in rapidly developing technology fields. By contrast, young firms commercializing technologies that are developed through research collaborations with established firms outperform others when the pace of technological progress is relatively slow. This study provides empirical evidence of a beneficial interplay between technological characteristics and technological environment and offers a modified patent-citation-based criterion for measuring the pace of technological development in different technology fields. -- |
| Keywords: | academic spin-off,technology venture,pace of technological progress,patent data,technological base |
| JEL: | L25 L26 M13 O33 |
| Date: | 2014–04–18 |
| URL: | http://d.repec.org/n?u=RePEc:zbw:esprep:96156&r=tid |
| By: | Raffaello Bronzini (Bank of Italy); Paolo Piselli (Bank of Italy) |
| Abstract: | This paper evaluates the impact of an R&D subsidy program implemented in a region of northern Italy on innovation by beneficiary firms. In order to verify whether the subsidies enabled firms to increase patenting activity, we exploit the mechanism used to allot the funds. Since only projects that scored above a certain threshold received the subsidy, we use a sharp regression discontinuity design to compare the number of patent applications, and the probability of submitting one, of subsidized firms with those of unsubsidized firms close to the cut-off. We find that the program had a significant impact on the number of patents, more markedly in the case of smaller firms. Our results show that the program was also successful in increasing the probability of applying for a patent, but only in the case of smaller firms. |
| Keywords: | research and development, investment incentives, regression discontinuity design, patents |
| JEL: | R0 H2 L10 |
| Date: | 2014–04 |
| URL: | http://d.repec.org/n?u=RePEc:bdi:wptemi:td_960_14&r=tid |
| By: | Cunningham, James (National University of Ireland); Link, Albert (University of North Carolina at Greensboro, Department of Economics) |
| Abstract: | This paper advances our understanding of university-industry research and development (R&D) collaborations. These strategic relationships are a dimension of entrepreneurial activity, and they are thus important drivers of economic growth and development. Business collaboration with universities increases the efficiency and effectiveness of industrial investments. Previous studies have found that universities are more likely to collaborate with industry if the business is mature and large, is engaged in exploratory internal R&D, and there are not major intellectual property (IP) issues between both parties. Businesses gain from such collaborations through increased commercialisation probabilities and economies of technological scope. Based on publicly available data collected by the Science-to-Business Marketing Research Centre of Germany as part of a European Commission project, our paper focuses on two key questions. First, why are there cross-country differences in the extent to which universities collaborate with business in R&D? Second, are there covariates with these differences that might offer insight into policy prescriptions and policy levers for enhancing the extent to which such collaboration takes place? We find that access is positive and statistically significant in relation to fostering university business R&D collaborations. Our results, albeit that they are tempered by a small sample of data, have implications how national innovation systems support further harmonization of IP regimes across universities and how universities priorities its own investments and incentives. |
| Keywords: | R&D collaborations; entrepreneurship; university-industry partnerships; European Union |
| JEL: | O31 O32 O33 O38 |
| Date: | 2014–04–28 |
| URL: | http://d.repec.org/n?u=RePEc:ris:uncgec:2014_003&r=tid |
| By: | Störmer, Niclas; Herstatt, Cornelius |
| Abstract: | In this study we examine the effects of exogenous vs. endogenous governance rules on a virtual community handling an innovative task. Specifically we investigate the relationship between the two modes (exogenous vs. endogenous) and factors such as motivation, conflict and justice. We conducted an experiment with 70 students, divided into teams of five. We manipulated procedural legitimacy by allowing one group to choose a set of rules and giving the other group the same rules exogenously. Our study indicates, that letting a team choose its own governance rules leads to increasing level of conflict negatively impacting motivation. -- |
| Keywords: | Governance,Collaborative Innovation Communities |
| Date: | 2014 |
| URL: | http://d.repec.org/n?u=RePEc:zbw:tuhtim:82&r=tid |