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Innovation strategies, external knowledge and productivity growth
Boston Coll, Boston, MA USA.;DIW, Berlin, Germany..
KTH, School of Industrial Engineering and Management (ITM), Industrial Economics and Management (Dept.). ..ORCID iD: 0000-0002-5871-8571
Minist Finance, Stockholm, Sweden..
2019 (English)In: Industry and Innovation, ISSN 1366-2716, E-ISSN 1469-8390, Vol. 26, no 3, p. 348-367Article in journal (Refereed) Published
Abstract [en]

This paper studies firms ' capability to recombine internal and local knowledge. It measures the outcome in terms of total productivity growth. Using Swedish data on commuting time for face-to-face contacts across all 290 municipalities, we employ a time-sensitive approach for calculating localized knowledge within a municipality and and its close neighbors. Internal knowledge is captured by register data on firms' innovation intensity. The two sources of knowledge are modeled in a production function setting by discrete composite variables with different combinations of input factors. Applying the model on Swedish firm level panel data, we find strong evidence of differences in the capacity to benefit from external knowledge among persistent innovators, temporary innovators and non-innovators. The results are consistent regardless of whether innovation efforts are measured in terms of the frequency of patent applications or the level of R&D investment.

Place, publisher, year, edition, pages
ROUTLEDGE JOURNALS, TAYLOR & FRANCIS LTD , 2019. Vol. 26, no 3, p. 348-367
Keywords [en]
Innovation strategies, localized knowledge, patents, TFP growth, panel data
National Category
Economics and Business
Identifiers
URN: urn:nbn:se:kth:diva-244079DOI: 10.1080/13662716.2018.1499502ISI: 000457499800005Scopus ID: 2-s2.0-85051958586OAI: oai:DiVA.org:kth-244079DiVA, id: diva2:1289929
Note

QC 20190219

Available from: 2019-02-19 Created: 2019-02-19 Last updated: 2019-03-18Bibliographically approved

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CiteExportLink to record
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  • de-DE
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Output format
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