Barriers to innovation and firm productivity

Coad, Alex, Pellegrino, Gabriele and Savona, Maria (2015) Barriers to innovation and firm productivity. Economics of Innovation and New Technology, 25 (3). pp. 321-334. ISSN 1043-8599

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Abstract

The paper analyzes the effect of financial, knowledge, demand, market structure and regulation barriers to innovation on firms’ economic performance. It contributes to the literature on barriers to innovation by accounting for the heterogeneous effects that each barrier has on firms across the productivity distribution. We do so by employing both quantile regression techniques and matching estimators on this UK CIS panel 2002–2010 merged with the Business Structure Database. While we find evidence that both the cost and also the availability of finance negatively affect productivity across the whole distribution, the lack of qualified personnel mostly hinders high productivity firms. Moreover, quantile regression reveals some interesting variation in effect sizes across the (conditional) productivity distribution.

Item Type: Article
Schools and Departments: School of Business, Management and Economics > SPRU - Science Policy Research Unit
Depositing User: Stacey Goldup
Date Deposited: 17 Oct 2016 12:59
Last Modified: 10 May 2017 11:00
URI: http://sro.sussex.ac.uk/id/eprint/64820
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Project NameSussex Project NumberFunderFunder Ref
ISIGrowth: Innovation-fuelled, Sustainable, Inclusive GrowthG1610EUROPEAN UNION649186