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Barriers to innovation and firm productivity
journal contribution
posted on 2023-06-09, 03:34 authored by Alex Coad, Gabriele Pellegrino, Maria SavonaMaria SavonaThe 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.
Funding
ISIGrowth: Innovation-fuelled, Sustainable, Inclusive Growth; G1610; EUROPEAN UNION; 649186
History
Publication status
- Published
Journal
Economics of Innovation and New TechnologyISSN
1043-8599Publisher
Taylor & FrancisExternal DOI
Issue
3Volume
25Page range
321-334Department affiliated with
- SPRU - Science Policy Research Unit Publications
Full text available
- No
Peer reviewed?
- Yes
Legacy Posted Date
2016-10-17Usage metrics
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