@TechReport{iza:izadps:dp7671,
            	author={Conte, Andrea and Vivarelli, Marco},
            	title={Succeeding in Innovation: Key Insights on the Role of R&D and Technological Acquisition Drawn from Company Data},
            	year={2013},
	month={Oct},
            	institution={Institute of Labor Economics (IZA)},
            	address={Bonn},
            	type={IZA Discussion Paper},
            	number={7671},
            	url={https://www.iza.org/publications/dp7671},
	abstract={This paper discusses the relationship between a company's investment in innovation and its success in introducing new product and/or process innovations. In doing so, this analysis departs from the standard approach which puts forward a homogenous R&D-based knowledge production function by introducing different types of innovation investments (R&D and technology acquisition) for different sets of companies.
Using the Community Innovation Survey (CIS) dataset comprising more than 3000 Italian manufacturing companies, the econometric analysis adopts a set of techniques which allows to control for the sample selection, endogeneity and simultaneity problems which arise when dealing with CIS data.
The main findings are summarised as follows: (1) beyond the acknowledged effect of R&D in increasing the probability of success of product innovation, a larger-than-expected role is played by technology acquisition in the innovation process; (2) the relative importance of R&D and technology acquisition varies significantly across different types of companies where crucial dimensions of analysis are company size and the technological domain of a sector.},
	keywords={community innovation survey;SUR;process innovation;product innovation;R&D;embodied technical change;sample selection},
            }