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Cdm Framework for R&d–innovation–productivity Relationship: Theoretical and Empirical Perspectives

Year: 2024

Type: article

Abstract: This research uses the CDM framework to examine the relationship between R&D investment, innovation activity, and firm-level productivity. The study provides clear insights into the mechanisms that link innovation and economic performance by addressing methodological challenges such as selectivity bias and simultaneity. The findings show that innovative firms experience higher productivity growth, with the impact varying across regions and industries. The research also defines five stylized facts: the positive influence of firm size and age on innovation, the role of competition in driving innovation, the importance of workforce qualifications and professional development, the complementary role of IT investments, and the significant effect of innovation on productivity growth. These insights form a foundation for policymaking that foster innovation and boost productivity growth.

Source: Економіка та суспільство

DOI: 10.32782/2524-0072/2024-68-173

Author: Денис Жерновий

Institutions: National Academy of Sciences of Ukraine, State Institution «Dobrov Institute for Scientific and Technological Potential and Science History Studies of the NAS of Ukraine»

Language: English

Topic: Firm Innovation and Growth

Subfield: Economics and Econometrics

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDGs: Decent work and economic growth, Industry, innovation and infrastructure

Open Access status: gold

Estimated APC paid: $40