Raymond, Wladimir; Mohnen, Pierre; Palm, Franz; Loeff, … - In: The Review of Economics and Statistics 92 (2010) 3, pp. 495-504
This paper studies the persistence of innovation in Dutch manufacturing using an unbalanced panel of firm data from four waves of the Community Innovation Survey between 1994 and 2002. We estimate by maximum likelihood a dynamic type 2 tobit model accounting for individual effects and handling...