Innovation Strategies, Process and Product Innovations and Growth: Firm-Level Evidence from Brazil
Loading...
Author(s)
Goedhuys, Micheline
Veugelers, Reinhilde
Advisor(s)
Editor(s)
Collections
Supplementary to:
Permanent Link
Abstract
Using World Bank ICS data from Brazilian manufacturing firms, this paper identifies
innovation strategies of firms - in particular internal technology creation (make) and external
technology acquisition (buy)- and their effect on successful process and product innovations.
It also explores the importance of innovations for firm growth. Successful process and
product innovations occur mostly through technology acquisition, mostly embodied in
machinery and equipment, either alone or in combination with internal technology
development. The option of only relying on internal development is less performing. The
results indicate that innovative performance is an important driver for firm growth. It is
particularly the combination of product and process innovations that significantly improves
firm growth. Both innovation and growth performance are supported by access to finance.
Skills of workforce and management matter, but not necessarily tertiary education levels. The
impact of international linkages on innovative and growth performance is mixed.
Sponsor
Date
2009-10-07
Extent
Resource Type
Text
Resource Subtype
Proceedings