Product Innovation by Incumbent Firms in Developing Economies : The Roles of Research and Development Expenditures, Trade Policy, and the Investment Climate

Product Innovation by Incumbent Firms in Developing Economies : The Roles of Research and Development Expenditures, Trade Policy, and the Investment Climate

A model of firm innovation illustrates the effects of the threat of imitation and product varieties on a representative firm's decision to invest in research and development to produce new product varieties. The model motivates two empirical q...

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Bibliographic Details
Main Author:	Lederman, Daniel
Format:	Policy Research Working Paper
Language:	English
Published:	Washington, DC: World Bank 2012
Subjects:	AVAILABILITY OF DATA BUSINESS ENVIRONMENT CAPITAL INVESTMENT COMPETITOR COMPETITORS CONSTANT RETURNS CONSTANT RETURNS TO SCALE COUNTRY CHARACTERISTICS COUNTRY DUMMIES COUNTRY EFFECTS COUNTRY EXPERIENCES COUNTRY LEVEL COUNTRY LEVEL VARIABLES COUNTRY-SPECIFIC EFFECTS CREATIVE DESTRUCTION CROSS-COUNTRY DIFFERENCES DATA DEFINITIONS DEPENDENT VARIABLE DEREGULATION DESCRIPTIVE STATISTICS DEVELOPED COUNTRIES DEVELOPED ECONOMIES DEVELOPING COUNTRIES DEVELOPMENT ECONOMICS DIVERSIFICATION DYNAMIC PATH ECONOMETRIC ANALYSIS ECONOMETRICS ECONOMIC ACTIVITIES ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMICS RESEARCH ELASTICITY EMPIRICAL ANALYSIS EMPIRICAL EVIDENCE EMPIRICAL LITERATURE EMPIRICAL MODEL EMPIRICAL WORK ENTERPRISE SURVEYS ENTREPRENEURIAL SKILLS ENTREPRENEURS ENTREPRENEURSHIP EXOGENOUS FACTORS EXOGENOUS PROBABILITY EXPECTED VALUE EXPLANATORY VARIABLE EXPLANATORY VARIABLES EXPORT SECTOR EXPORTS FINANCIAL SUPPORT FIRM GROWTH FIRM PERFORMANCE FIRM SIZE GDP GDP PER CAPITA GROWTH MODELS GROWTH POLICY HETEROSKEDASTICITY HIGH CORRELATION INCOME INCOME DIFFERENTIALS INCOMES INDIVIDUAL FIRM INDIVIDUAL FIRMS INNOVATION FUNCTION INNOVATIONS INNOVATIVE FIRMS INNOVATIVE IDEAS INTEREST RATES INVENTION INVESTMENT CLIMATE KNOWLEDGE SPILLOVERS LABOR FORCE LABOR PRODUCTIVITY LAGGED DEPENDENT LICENSING MANUFACTURING MANUFACTURING INDUSTRIES MANUFACTURING INDUSTRY MARKET COMPETITION MARKET DEMAND MARKET PRICES MEASUREMENT ERROR MEASUREMENT ERRORS MEMBER COUNTRIES MISSING DATA MISSING VALUES MULTINATIONAL MULTINATIONAL CORPORATIONS NATURAL LOGARITHM NEGATIVE COEFFICIENT NEGATIVE COEFFICIENTS NEGATIVE SIGN NEW PRODUCT NEW PRODUCTS NORMAL DISTRIBUTION OPPORTUNITY COSTS PATENTS PER CAPITA INCOME POLICY IMPLICATIONS POLICY PERSPECTIVE POLICY RESEARCH POLICY VARIABLES POLITICAL ECONOMY POLITICAL STABILITY POOR COUNTRIES POSITIVE EFFECT PRIVATE AGENTS PRIVATE SECTOR PRODUCT DEVELOPMENT PRODUCT INNOVATION PRODUCT INNOVATIONS PRODUCTION FUNCTION PRODUCTIVITY PRODUCTIVITY GROWTH PUBLIC SECTOR R&D REGRESSION ANALYSES REGRESSION RESULTS REGULATORY ENVIRONMENT REGULATORY POLICY REGULATORY REFORMS RELATIVE PRICES RESULT RESULTS SEARCHES TARIFF BARRIERS TECHNOLOGY DIFFUSION TELEPHONE TELEPHONE LINES TOTAL FACTOR PRODUCTIVITY TRADE LIBERALIZATION TRADE POLICIES TRADE POLICY USES VALUE ADDED WEB
Online Access:	http://documents.worldbank.org/curated/en/2008/08/10064236/product-innovation-incumbent-firms-developing-economies-roles-research-development-expenditures-trade-policy-investment-climate http://hdl.handle.net/10986/6299

Internet

http://documents.worldbank.org/curated/en/2008/08/10064236/product-innovation-incumbent-firms-developing-economies-roles-research-development-expenditures-trade-policy-investment-climate
http://hdl.handle.net/10986/6299

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