Innovation Strategy and Total Factor Productivity Growth : Micro Evidence from Taiwanese Manufacturing firms
(2004)
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- Abstract
- This paper investigates the relationship between firms? innovation practices and performance in Taiwan. Using a panel of 4000 firms, we examine the effects of importing technology (versus doing R&D) on Total Factor Productivity (TFP) growth. The relationship between these two innovation strategies is also explored. We find that R&D strongly contributes to the growth of TFP, whereas the importation of technology has no significant effect. However, the interaction effect of R&D and the importation of technology is only weakly significant, which makes it difficult to qualify the type of relationship (complementarity or substitutability) that exists between the two innovation strategies.
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Citations
Chang, C.-L., & Robin, S. (2004). Innovation Strategy and Total Factor Productivity Growth : Micro Evidence from Taiwanese Manufacturing firms (ECON Working Papers 2004/07). https://hdl.handle.net/2078.5/35958