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Titel
The role of demand in fostering product vs process innovation : a model and an empirical test / H. Dawid, G. Pellegrino, M. Vivarelli
VerfasserDawid, Herbert ; Pellegrino, Gabriele ; Vivarelli, Marco
ErschienenBielefeld, Germany : Universität Bielefeld, Faculty of Business Administration and Economics, September 2017
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Elektronische Ressource
Umfang1 Online-Ressource (22 Seiten) : Diagramme
SerieWorking papers in economics and management ; No. 06-2017
URNurn:nbn:de:hbz:6:2-127745 
DOI10.4119/unibi/2914083 
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The role of demand in fostering product vs process innovation [0.36 mb]
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While the extant innovation literature has provided extensive evidence of the so-called "demand-pull" effect, the possible diverse impact of demand evolution on product vs process innovation activities has not been yet investigated. This paper develops a formal model predicting a larger inducing impact of past sales in fostering product rather than process innovation. This prediction is then tested through a dynamic microeconometric model, controlling for R&D persistence, sample selection, observed and unobservable individual firm effects and time and sectoral peculiarities. Results are consistent with the model and suggest that an expansionary economic policy may benefit the diffusion of new products or even the emergence of entire new sectors.

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