Ugur, Mehmet ORCID: 0000-0003-3891-3641 and Vivarelli, Marco ORCID: 0000-0002-8746-9324 (2020) Innovation, firm survival and productivity: the state of the art. Economics of Innovation and New Technology, 30 (5). pp. 433-467. ISSN 1043-8599 (Print), 1476-8364 (Online) (doi:https://doi.org/10.1080/10438599.2020.1828509)

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Abstract

We review the theoretical underpinnings and the empirical findings of the literature that investigates the effects of innovation on firm survival and firm productivity, which constitute the two main channels through which innovation drives growth. We aim to contribute to the ongoing debate along three paths. First, we discuss the extent to which the theoretical perspectives that inform the empirical models allow for heterogeneity in the effects of R&D/innovation on firm survival and productivity. Secondly, we draw attention to recent modelling and estimation effort that reveals novel sources of heterogeneity, non-linearity and volatility in the gains from R&D/innovation, particularly in terms of its effects on firm survival and productivity. Our third contribution is to link our findings with those from prior reviews to demonstrate how the state of the art is evolving and with what implications for future research.

Item Type:	Article
Uncontrolled Keywords:	Innovation, R&D, survival, productivity
Subjects:	H Social Sciences > HB Economic Theory
Faculty / School / Research Centre / Research Group:	Faculty of Business Faculty of Business > Department of International Business & Economics Faculty of Business > Institute of Political Economy, Governance, Finance and Accountability (IPEGFA) Faculty of Business > Institute of Political Economy, Governance, Finance and Accountability (IPEGFA) > Greenwich Political Economy Research Centre (GPERC)
Last Modified:	24 Apr 2022 01:38
URI:	http://gala.gre.ac.uk/id/eprint/30334

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