TY  - GEN
AB  - 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.
DA  - 2017
DO  - 10.4119/unibi/2914083
KW  - etace_innovation
KW  - technological change
KW  - R&D
KW  - demand-pull innovation
KW  - dynamic two tobit
LA  - eng
PY  - 2017
SN  - 2196-2723
SP  - 23-
TI  - The Role of Demand in Fostering Product vs Process Innovation: A Model and an Empirical Test
UR  - https://nbn-resolving.org/urn:nbn:de:0070-pub-29140837
Y2  - 2024-11-22T04:31:06
ER  -