Template-type: ReDif-Paper 1.0
Author-Name: Hall B.H. 
Author-Name: Sena V. 
Author-workplace-name: UNU-MERIT
Title: Appropriability mechanisms, innovation and productivity: Evidence from the UK
Abstract: We use an extended version of the well-established Crepon, Duguet and  Mairesse model 1998 to model the relationship between appropriability  mechanisms, innovation and firm-level productivity. We enrich this model  in several ways. First, we consider different types of innovation  spending and study the differences in estimates when innovation spending  rather than RD spending is used to predict innovation in the CDM  model. Second, we assume that a firm simultaneously innovates and  chooses among different appropriability methods formal or informal to  protect the innovation. Finally, in the third stage, we estimate the  impact of the innovation output conditional on the choice of  appropriability mechanisms on firmsf productivity. We find that firms  that innovate and rate formal methods for the protection of Intellectual  Property IP highly are more productive than other firms, but that the  same does not hold in the case of informal methods for the protection of  a firmfs IP, except possibly for large firms as opposed to SMEs. We  also find that this result is strongest for firms in the services,  trade, and utility sectors, and negative in the manufacturing sector.
Keywords: Firm Performance: Size, Diversification, and Scope; Technological Change; Research and Development; Intellectual Property Rights: General; Intellectual Property Rights; 
Classification-JEL: O34; O30; L25; .
Series:  Working Papers
Creation-Date: 2014
Number: 059
File-URL: http://pub.maastrichtuniversity.nl/a3477369-fb34-477f-915c-773f4bbd9671
File-Format: application/pdf
File-Size: 578493
Handle: RePEc:unm:unumer:2014059