The Business of Product Innovation : International Empirical Evidence
It is so widely recognized that innovation is a key driver of economic growth that it is cliché to say so. This article studies product innovation by firms with data from 68 countries, covering more than 25,000 firms in eight manufacturing sectors....
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| Language: | English |
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2012
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| Online Access: | http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20090219155716 http://hdl.handle.net/10986/4036 |
| Summary: | It is so widely recognized that
innovation is a key driver of economic growth that it is
cliché to say so. This article studies product innovation by
firms with data from 68 countries, covering more than 25,000
firms in eight manufacturing sectors. The author assesses
the predictions of inter-disciplinary research on innovation
by firms. The econometric evidence suggests that
globalization and local knowledge increase the likelihood
that firms will introduce new products. By contrast,
domestic regulatory impediments to competition are not
robustly correlated with product innovation. |
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