The Returns to Innovation in East Asia : The Role of the Business Environment and Firms' Characteristics
The paper studies the relationship between innovation efforts, innovation outputs, and productivity, using firm-level data from six East Asian countries. Firms are more likely to invest in innovation when they use technology licensed by a foreign c...
| Main Authors: | , |
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| Format: | Working Paper |
| Language: | English |
| Published: |
World Bank, Washington, DC
2022
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/468001643741203507/The-Returns-to-Innovation-in-East-Asia-The-Role-of-the-Business-Environment-and-Firms-Characteristics http://hdl.handle.net/10986/36922 |
| Summary: | The paper studies the relationship
between innovation efforts, innovation outputs, and
productivity, using firm-level data from six East Asian
countries. Firms are more likely to invest in innovation
when they use technology licensed by a foreign company, are
part of a large group, and have a more educated workforce.
Investment in research and development can significantly
boost both product and process innovation. Product
innovation yields significant productivity gains. However,
productivity gains from process innovation are not
detectable in the sample. |
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