%0 Report
        %A Conte, Andrea
%A Vivarelli, Marco
        %T Succeeding in Innovation: Key Insights on the Role of R&D and Technological Acquisition Drawn from Company Data
        %D 2013
        %8 2013 Oct
        %I Institute of Labor Economics (IZA)
        %C Bonn
        %7 IZA Discussion Paper
        %N 7671
        %U https://www.iza.org/publications/dp7671
        %X 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.
        %K community innovation survey
%K SUR
%K process innovation
%K product innovation
%K R&D
%K embodied technical change
%K sample selection