Persistence of Innovation in Dutch Manufacturing: Is It Spurious? | Zendy

Wladimir Raymond | Zendy; Pierre Mohnen | Zendy; Franz C. Palm | Zendy; Sybrand Schim van der Loeff | Zendy

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Persistence of Innovation in Dutch Manufacturing: Is It Spurious?

Author(s) -

Wladimir Raymond,

Pierre Mohnen,

Franz C. Palm,

Sybrand Schim van der Loeff

Publication year - 2010

Publication title -

the review of economics and statistics

Language(s) - English

Resource type - Journals

SCImago Journal Rank - 8.999

H-Index - 165

eISSN - 1530-9142

pISSN - 0034-6535

DOI - 10.1162/rest_a_00004

Subject(s) - tobit model , spurious relationship , persistence (discontinuity) , econometrics , economics , panel data , industrial organization , mathematics , statistics , engineering , geotechnical engineering

This paper studies the persistence of innovation and the dynamics of innovation output in Dutch manufacturing using rm 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 eects and handling the initial conditions problem. We nd 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.

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