Innovation and Productivity
12.04.2012
12.04.2012
12:00 - 13:30
Milan
Fondazione Eni Enrico Mattei
Corso Magenta 63
20123 Milan
h. 13.00 Seminar
Bronwyn H. Hall, University of Maastricht and University of California at Berkeley
Seminars Office, seminars@feem.it
What do we know about the relationship between innovation and productivity among firms? The workhorse model of this relationship is presented and the implications of an analysis using this model and the usually available data on product and process innovation are derived. Recent empirical evidence on the relationship between innovation and productivity in firms is then surveyed. The conclusion is that there are substantial positive impacts of product innovation on revenue productivity, but that the impact of process innovation is more ambiguous, suggesting substantial measurement error in the innovation indicators or market power on the part of firms.