Template-type: ReDIF-Paper 1.0
Author-Name: Mohnen, Pierre
Author-Email: P.Mohnen@MERIT.unimaas.nl
Author-Workplace-Name: United Nations University, Maastricht Economic and social
	 Research and training centre on Innovation and Technology
Author-Name: Schim van der Loeff, S.
Author-Email: s.loeff@ke.unimaas.nl
Author-Workplace-Name: University of Maastricht, Department of Quantitative Economics
Author-Name: Palm, Franz
Author-Email: f.palm@ke.unimaas.nl
Author-Workplace-Name: University of Maastricht, Department of Quantitative Economics
Author-Name: Raymond, Wladimir
Author-Email: w.raymond@ke.unimaas.nl
Author-Workplace-Name: University of Maastricht, Department of Quantitative Economics
Title: Persistence of Innovation in Dutch Manufacturing: Is it Spurious?
Abstract: This paper studies the persistence of innovation and the dynamics of
	 innovation output in Dutch manufacturing using firm data from three waves of the
	 Community Innovation Surveys (CIS), pertaining to the periods 1994-1996, 1996-1998,
	 and 1998-2000. We estimate by maximum likelihood a dynamic panel data type 2 tobit
	 model accounting for individual effects and handling the initial conditions problem.
	 We find that there is no evidence of true persistence in achieving technological
	 product or process innovations, while past shares of innovative sales condition,
	 albeit to a small extent, current shares of innovative sales. 
Classification-JEL: C33, C34, O31
Keywords: Dynamic panel data type 2 tobit, Innovation, Spurious persistence
Series: UNU-MERIT Working Papers
Creation-Date: 2006
Number: 2006-011
File-URL: https://unu-merit.nl/publications/wppdf/2006/wp2006-011.pdf
File-Format: application/pdf
File-Size: 275 Kb
Handle: RePEc:unm:unumer:2006011