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Título:
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Innovation and absorptive capacity: What is the role of technological frontier?
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Autor/a:
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Gombau, Verònica; Segarra Blasco, Agustí
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Otros autores:
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Universitat Rovira i Virgili. Departament d'Economia; Universitat Rovira i Virgili. Centre de Recerca en Economia Industrial i Economia Pública |
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Abstract:
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This paper explores how absorptive capacity affects the innovative
performance and productivity dynamics of Spanish firms. A firm’s efficiency
levels are measured using two variables: the labour productivity and the Total
Factor Productivity (TFP). The theoretical framework is based on the seminal
contributions of Cohen and Levinthal (1989, 1990) regarding absorptive
capacity; and the applied framework is based on the four-stage structural
model proposed by Crépon, Duguet and Mairesse (1998) for setting the
determinants of R&D, the effects of R&D activities on innovation outputs, and
the impacts of innovation on firm productivity. The present study uses a twostage
structural model. In the first stage, a probit estimation is used to
investigate how the sources of R&D, the absorptive capacity and a vector of
the firm’s individual features influence the firm’s likelihood of developing
innovations in products or processes. In the second phase, a quantile
regression is used to analyze the effect of R&D sources, absorptive capacity
and firm characteristics on productivity. This method shows the elasticity of
each exogenous variable on productivity according to the firms’ levels of
efficiency, and thus allows us to distinguish between firms that are close to
the technological frontier and those that are further away from it. We used
extensive firm-level panel data from 5,575 firms for the 2004-2009 period. The
results show that the internal absorptive capacity has a strong impact on the
productivity of firms, whereas the role of external absorptive capacity differs
according to nature of the each industry and according the distance of firms
from the technological frontier.
Key words: R&D sources, innovation strategies, absorptive capacity,
technological distance, quantile regression. |
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Fecha de creación:
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2011 |
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Materias (CDU):
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65 - Gestió i organització. Administració i direcció d'empreses. Publicitat. Relacions públiques. Mitjans de comunicació de masses |
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Materia(s):
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Empreses -- Innovacions tecnològiques
Productivitat industrial |
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Derechos:
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L'accés als continguts d'aquest document queda condicionat a l'acceptació de les condicions d'ús establertes per la següent llicència Creative Commons: http://creativecommons.org/licenses/by-nc-nd/3.0/es/ |
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Páginas:
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31 p. |
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Tipo de documento:
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Documento de trabajo |
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Editor:
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Universitat Rovira i Virgili. Departament d'Economia
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Collection:
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Documents de treball del Departament d'Economia;2011-25
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