Demand-pulled innovation under liquidity constraints

Using a panel of 211 Italian manufacturing firms for 1995-2001 and the Least Squares Dummy Variable Corrected (LSDVC) estimator recently discussed in the econometric literature, it is shown that demand-pull innovation is particularly significant in liquidity-constrained companies in both the short run and long run.

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Year of publication:	2009
Authors:	Piva, Mariacristina ; Vivarelli, Marco
Published in:	Applied Economics Letters. - Taylor & Francis Journals, ISSN 1350-4851. - Vol. 16.2009, 3, p. 289-293
Publisher:	Taylor & Francis Journals

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Extent:	text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005468357