2008/02 | LEM Working Paper Series | |
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Product Innovation and Growth: The Case of Integrated Circuits |
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Marco Corsino |
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Keywords | ||
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Firm Growth; Product Innovation; Semiconductor industry
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JEL Classifications | ||
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Abstract | ||
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A puzzling evidence stemming from the applied research on growth and
innovation is that successful innovations do not appear to have a
significant effect on sales growth rates, at odds with the expectation
that successful innovators will prosper at the expenses of their less
able competitors. The present paper tests a research hypothesis
claiming that the level of observation at which applied research is
typically conducted hampers the identification of a significant
association between innovation and sales growth rates. Exploiting a
unique and original database comprising detailed information on
product innovations by leading semiconductor companies, we find
components commercialized in the nearest past to positively affect the
stream of corporate revenues.
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Downloads | ||
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