Firms' age, process innovation and productivity growth

被引:203
作者
Huergo, E
Jaumandreu, J
机构
[1] Univ Carlos III Madrid, Dept Econ, Fac Ciencias Sociales & Jurid, E-28903 Getafe, Spain
[2] Univ Complutense Madrid, Dept Fundamentos Anal Econ I, Fac Ciencias Econ & Empresariales, Madrid 28223, Spain
关键词
productivity; process innovations; solow residuals; firm age;
D O I
10.1016/j.ijindorg.2003.12.002
中图分类号
F [经济];
学科分类号
02 ;
摘要
This paper looks directly at the impact of firms' a.-e and (process) innovations oil productivity growth. A model that specifies productivity growth as an unknown function of these variables is devised and estimated using semiparametric methods. Results show that firms enter the market experiencing high productivity growth and that above-average growth rates tend to last for many years. but also that productivity growth of surviving firms converges. Process innovations at some point then lead to extra productivity growth, which also tends to persist somewhat attenuated for a number of years. (C) 2004 Elsevier B.V. All rights reserved.
引用
收藏
页码:541 / 559
页数:19
相关论文
共 17 条
[11]  
Mairessec, 1998, EC INNOVATION NEW TE, V7, P115, DOI [10.1080/10438599800000031, DOI 10.1080/10438599800000031]
[12]  
Pagan A., 1999, NONPARAMETRIC ECONOM
[13]  
ROBINSON PM, 1988, ECONOMETRICA, V56, P97
[14]  
SPECKMAN P, 1988, J ROY STAT SOC B MET, V50, P413
[15]   NONPARAMETRIC POLICY ANALYSIS [J].
STOCK, JH .
JOURNAL OF THE AMERICAN STATISTICAL ASSOCIATION, 1989, 84 (406) :567-575
[16]   DUMMY VARIABLES - MECHANICS .5. INTERPRETATION [J].
SUITS, DB .
REVIEW OF ECONOMICS AND STATISTICS, 1984, 66 (01) :177-180
[17]  
Wand M. P., 1995, Kernel Smoothing