Template-type: ReDIF-Paper 1.0
Author-Name: Hall, Bronwyn H.
Author-Email: bhhall@econ.berkeley.edu
Author-Workplace-Name: UNU-MERIT, Maastricht University, and University of
	 California at Berkeley
Title: Innovation and productivity
Abstract: What do we know about the relationship between innovation and 
	 productivity among firms? The workhorse model of this relationship is 
	 presented and the implications of analysis using this model and the 
	 usually available data on product and process innovation are derived. 
	 The recent empirical evidence on the relationship between innovation and 
	 productivity in firms is then surveyed. The conclusion is that there are 
	 substantial positive impacts of product innovation on revenue 
	 productivity, but that the impact of process innovation is more 
	 ambiguous, suggesting some market power on the part of the firms being 
	 analyzed.
Classification-JEL: D20, D24, L23, L25, O31, O47
Keywords: innovation, TFP, revenue productivity, cross-country analysis
Series: UNU-MERIT Working Papers
Creation-Date: 2011
Number: 028
File-URL: http://www.merit.unu.edu/publications/wppdf/2011/wp2011-028.pdf
File-Format: application/pdf
File-Size: 275 Kb
Handle: RePEc:unm:unumer:2011028