Innovation and Productivity

descriptionPublicationkeyboard_double_arrow_right Report , Other literature type 01 Jun 2011 Netherlands Publisher:National Bureau of Economic Research

Authors: Hall, B.H.;

doi: 10.3386/w17178

Innovation and Productivity

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Abstract

What do we know about the relationship between innovation and productivity among firms? The workhorse model of this relationship is presented and the implications of analysis using this model and the usually available data on product and process innovation are derived. The recent empirical evidence on the relationship between innovation and productivity in firms is then surveyed. The conclusion is that there are substantial positive impacts of product innovation on revenue productivity, but that the impact of process innovation is more ambiguous, suggesting some market power on the part of the firms being analyzed.

Country

Netherlands

Related Organizations

Maastricht University
Netherlands
University of California, Berkeley
United States

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