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Innovation and economic performance in services: a firm-level analysis

journal contribution
posted on 2023-06-07, 22:30 authored by Giulio Cainelli, Rinaldo Evangelista, Maria SavonaMaria Savona
This paper explores the two-way relationship between innovation and economic performance in services using a longitudinal firm-level dataset which matches data from the second Community Innovation Survey, CIS II (1993–95), against a set of economic variables provided by the System of Enterprise Accounts (1993–98). The results presented show that innovation is positively affected by past economic performance and that innovation activities (especially investments in ICTs) have a positive impact on both growth and productivity. Furthermore, productivity and innovation act as a self-reinforcing mechanism, which further boosts economic performance. These findings provide empirical support for the endogenous nature of innovation in services and the presence in this sector of competition models and selection mechanisms based on innovation.

History

Publication status

  • Published

Journal

Cambridge Journal of Economics

Publisher

Oxford Journals

Volume

30

Page range

435-458

Department affiliated with

  • SPRU - Science Policy Research Unit Publications

Full text available

  • No

Peer reviewed?

  • Yes

Legacy Posted Date

2012-02-06

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