Persistence of innovation and firm’s growth: Evidence from a panel of sme and large spanish manufacturing firms

Small Business Economics

Volumn 43, Issue 4, 2014, Pages 787-804

  Triguero, Angela ^a   Córcoles, David ^a   Cuerva, Maria C ^a  

^a UNIVERSITY OF CASTILLA LA MANCHA   (Spain)

Author keywords

Employment; GMM system; Innovation; JEL classifications; Manufacturing; Persistence; SMEs

Indexed keywords

EID: 84894672421     PISSN: 0921898X     EISSN: 15730913     Source Type: Journal    
DOI: 10.1007/s11187-014-9562-8     Document Type: Article

References (46)

1. Acs, Z. J., & Audretsch, David B. (1990). Innovation and small firms. Cambridge, MA: MIT Press.
2. Antonelli, C., Crespi, F., & Scellato, G. (2013). Internal and external factors in innovation persistence. Economics of Innovation and New Technology, 22(3), 256–280.
3. Antonelli, C., Crespi, F., & Scellato, G. (2012). Inside innovation persistence: New evidence from Italian micro-data. Structural Change and Economic Dynamics, 23(4), 341–353.
4. Audretsch, D. B. (2002). The dynamic role of small firms: Evidence from the U.S. Small Business Economics, 18(1), 13–40.
5. Audretsch, D. B., & Thurik, A. R. (2001). What’s new about the new economy? Sources of growth in the managed and entrepreneurial economies. Industrial and Corporate Change, 10(1), 267–315.
6. Benavente, J. M., & Lauterbach, R. (2008). Technological innovation and employment: Complements or substitutes? The European Journal of Development Research, 20(2), 319–330.
7. Blanchflower, D. G., & Burgess, S. M. (1999). New technology and jobs: Comparative evidence from a two country study. Economics of Innovation and New Technology, 5, 109–138.
8. Bogliacino, F., Piva, M., & Vivarelli, M. (2011). The impact of R&D on employment in Europea: A firm-level analysis. Working paper. IEB No 20.
9. Bogliacino, F., Piva, M., & Vivarelli, M. (2012). R&D and employment: An application of the LSDVC estimator using European microdata. Economic Letters, 116(1), 56–59.
10. Cefis, E. (2003). Is there persistence in innovative activities? International Journal of Industrial Organization, 21, 489–515.
11. Cefis, E., & Ciccarelli, M. (2005). Profit differentials and innovation. Economics of Innovation and New Technologies, 14, 43–61.
12. Ciriaci, D., Moncada-Paternò-Castello, P., & Voigt, P. (2012). Does the size or age of innovative firms affect their growth persistence? Evidence for a panel of innovative Spanish firms. IPTS working paper on corporate R&D and innovation, no. 03, European Commission.
13. Coad, A., & Rao, R. (2011). The firm-level employment effects of innovations in high-tech US manufacturing industries. Journal of Evolutionary Economics, 21, 255–283.
14. Demirel, P., & Mazzucato, M. (2012). Innovation and firm growth: Is R&D worth it? Industry and Innovation, 12(1), 45–62.
15. Entorf, H., & Pohlmeier, W. (1990). Employment, innovation and export activity. In J. P. Florens., M. Ivaldi., J. J. Laf-font., & F. Laisney (Eds.), Microeconometrics: Surveys and applications, (pp. 394–415). Basil Blackwell.
16. European Commission (2013). Regional policy for smart growth of SMEs. Guide for managing authorities and bodies in charge of the development and implementation of research and innovation strategies for smart specialisation. Luxembourg: Publications Office of the European Union.
17. Fendel, R., & Frenkel, M. (1998). Do small and medium-sized enterprises stabilize employment? Theoretical considerations and evidence from Germany. Zeitschrift für Wirtschafts und Sozialwissenschaften, 118, 163–184.
18. García, A., Jaumandreu, J., & Rodríguez, C. (2004). Innovation and jobs. Evidence from manufacturing firms. MPRA paper no. 1224, posted 07.
19. Geroski, P. A., Van Reenen, J., & Walters, C. F. (1997). How persistently do firms innovate?. Research Policy, 26(1), 23–48.
20. Greenan, N., & Guellec, D. (2000). Technological innovation and employment reallocation. Labour, 14, 547–590.
21. Hall, B., Lotti, F., & Mairesse, J. (2008). Employment, innovation, and productivity: Evidence from Italian microdata. Industrial and Corporate Change, 17(4), 813–839.
22. Hamermesh, D. (1993). Labor demand. Princeton, NJ: Princeton University Press.
23. Harrison, R., Jaumandreu, J., Mairesse, J., & Peters, B. (2008). Does innovation stimulate employment? A firm level analysis using comparable micro-data from four European countries. NBER working paper 14216.
24. Huergo, E., & Jaumandreu, J. (2004). Firms’ age, process innovation and productivity growth. International Journal of Industrial Organization, 22(4), 541–559.
25. Jaumandreu, J. (2003). Does innovation spur employment? A firm-level analysis using Spanish CIS data. Working paper European project ì nnovation and employment in European firms: Microeconometric evidencé, pp. 1–14.
26. Lachenmaier, S., & Rottmann, H. (2007). Employment effects of innovation at the firm level. Journal of Economics and Statistics, 227(3), 254–272.
27. Lachenmaier, S., & Rottmann, H. (2011). Effects of innovation on employment: A dynamic panel analysis. International Journal of Industrial Organization, 29(2), 210–220.
28. Leo, H., & Steiner, V. (1994). Innovation and employment at the firm-level. 50 Luxembourg: European Innovation Monitory System (EIMS).
29. Mairesse, J., Zhao, Y., & Zen, F. (2009). Employment growth and innovation in China: A firm level comparison across provinces and city districts. Paper presented at MEIDE III conference.
30. Malerba, F., & Orsenigo, L. (1999). Technological entry, exit and survival: An empirical analysis of patent data. Research Policy, 28(6), 643–660.
31. Mart´ınez-Ros, E., & Labeaga, J. M. (2009). Product and process innovation: Persistence and complementarities. European Management Review, 6, 64–75.
32. Martín-Marcos, A., & Suarez, C. (1997). El stock de capital para las empresas de la Encuesta Sobre Estrategias Empresariales. Documento Interno 13, FIE-FEP.
33. Meriküll, J. (2008). The impact of innovation on employment. Firm- and industry-level evidence from Estonia. Working papers of Eesti Pank no 1.
34. Parisi, M. L., Schiantarelli, F., & Sembenelli, A. (2006). Productivity, innovation and R&D: Micro evidence from Italy. European Economic Review, 50(8), 2037–2061.
35. Peters, B. (2004). Employment effects of different innovation activities: Microeconometric evidence. ZEW discussion paper 04-73, ZEW.
36. Peters, B. (2009). Persistence of innovation: Stylised facts and panel data evidence. The Journal of Technology Transfer, 34, 226–243.
37. Piva, M., & Vivarelli, M. (2004). Technological change and employment: Some micro evidence from Italy. Applied Economic Letters, 11, 373–376.
38. Piva, M., & Vivarelli, M. (2005). Innovation and employment: Evidence from Italian microdata. Journal of Economics, 86(1), 65–83.
39. Raymond, W., Mohnen, P. A., Palm, F., & Van der Loeff, S. (2010). Persistence of innovation in Dutch manufacturing: Is it spurious? The Review of Economics and Statistics, 92, 495–504.
40. Reichstein, T., & Salter, A. (2006). Investigating the sources of process innovation among UK manufacturing firms. Industrial and Corporate Change, 15(4), 653–682.
41. Roper, S., & Hewitt-Dundas, N. (2008). Innovation persistence. Survey and case-study evidence. Research Policy, 37(1), 149–162.
42. Storey, D. J. (1994). Understanding the small business sector. London: International Thomson Business Press.
43. Triguero, A., & Corcoles, D. (2013). Understanding innovation: An analysis of persistence for Spanish manufacturing firms. Research Policy, 42(2), 340–352.
44. Van Reenen, J. (1997). Employment and technological innovation: Evidence from U.K. manufacturing firms. Journal of Labour Economics, 15(2), 255–284.
45. Varum, C. A., & Rocha, V. C. (2013). Employment and SMEs during crises. Small Business Economics, 40, 9–25.
46. Windmeijer, F. (2005). A finite sample correction for the variance of linear efficient two step GMM estimators. Journal of Econometrics, 126(1), 25–51.