MAIRESSE, Jacques; Mohnen, Pierre; Raymond, Wladimir; … - National Bureau of Economic Research (NBER) - 2013
This paper introduces dynamics in the R&D to innovation and innovation to productivity relationships, which have mostly … individual effects and idiosyncratic errors correlated across equations and that differ in the way innovation enters the … Community Innovation Survey. The results provide evidence of robust unidirectional causality from innovation to productivity and …