Openness and innovation-home and export demand effects on manufacturing innovation: panel data evidence for Ireland and Switzerland
Woerter, Martin and Roper, Stephen. (2010) Openness and innovation-home and export demand effects on manufacturing innovation: panel data evidence for Ireland and Switzerland. Research Policy, Vol.39 (No.1). pp. 155-164. ISSN 0048-7333Full text not available from this repository.
Official URL: http://dx.doi.org/10.1016/j.respol.2009.09.007
Recent studies in the tradition of Schmookler have re-emphasised the potential role of demand in stimulating innovation. Here, we reconsider the role of 'home' and 'export' market demand in stimulating manufacturing innovation using comparable panel data for two small open economies - Ireland and Switzerland. Our analysis is based on the estimation of reduced form innovation production functions using panel data estimators over the sample period 1994-2005. For a range of innovation indicators, however, we find little evidence of any significant market demand effects, with innovation performance instead determined largely by firm-level capability effects and characteristics. In policy and strategy terms this suggests the continued value of measures to improve innovation capability regardless of market demand conditions. In more methodological terms our results suggest the validity of the usual assumption implicit in modelling innovation outputs that supply-side factors predominate. (C) 2009 Elsevier B.V. All rights reserved.
|Item Type:||Journal Article|
|Subjects:||H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
H Social Sciences > HD Industries. Land use. Labor
|Divisions:||Faculty of Social Sciences > Warwick Business School > Centre for Small & Medium-Sized Enterprises
Faculty of Social Sciences > Warwick Business School > Entrepreneurship, Innovation & Management
Faculty of Social Sciences > Warwick Business School
|Journal or Publication Title:||Research Policy|
|Official Date:||February 2010|
|Number of Pages:||10|
|Page Range:||pp. 155-164|
|Access rights to Published version:||Restricted or Subscription Access|
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