Abstract
This paper uses logistic regression analysis to examine how intramural and extramural R&D, acquisition of machinery, equipment and software, acquisition of external knowledge, training, market introduction and other procedures and technical preparations determine the innovation behaviour of manufacturing and service firms. We adopt a multidimensional view of innovation by considering product, process, organizational and marketing innovations as dependent variables separately. The study reports on the Community Innovation Survey (CIS4) of a small open-economy country. The empirical results indicate that intramural R&D has a positive impact on innovation. In contrast, the influence of extramural R&D on innovation is unclear. All innovation activities contribute towards organizational innovation. The study also suggests that there are no significant differences between services and manufacturing firms concerning the propensity to innovation.
Highlights
In the last few years, policy makers have recognized the importance of innovation in business competitiveness
Innovation includes new processes, new organizational models, new distribution channels or new marketing activities and new business concepts, which have a significant impact on productivity and growth (Schumpeter 1934, 1943; Hjalager 2002; CIS 2004; Drejer 2004; Fagerberg 2005; OECD 2005; Weiermair 2006).This paper aims to identify and analyze contributions made by the seven innovation activities of Community Innovation Survey 4 (CIS4) (Community Innovation Survey), considering the four different innovation typologies: product, process, organizational and marketing in a small open economy (Portugal)
This study is an examination into a multidimensional view of innovation with respect to product, process, organizational and marketing innovation
Summary
In the last few years, policy makers have recognized the importance of innovation in business competitiveness. Innovation is considered a driving force behind a prosperous economy L. Carvalho et al Determinants of innovation in a small open economy: a multidimensional perspective. Others point to innovation as the major contributor to the productivity growth and firm performance (Kemp et al 2003). At the Lisbon Summit in March 2000, the European Union declared its ambition to make Europe the most competitive and innovative region. According to Post-2010 Lisbon Strategy (European Commission 2008), a long-term perspective is needed to maintain and enhance European living standards considering the ageing (and shrinking) of Europe’s population. The improvement of productivity depends on challenges related to new technologies and innovation
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