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Export, R&D And New Products. A Model And A Test On European Industries, Dario Guarascio, Mario Pianta, Francesco Bogliacino
Export, R&D And New Products. A Model And A Test On European Industries, Dario Guarascio, Mario Pianta, Francesco Bogliacino
Mario Pianta
In this article we extend the model developed by Bogliacino and Pianta (2013a, 2013b) on the link between R&D, innovation and economic performance, considering the impact of innovation of export success. We develop a simultaneous three equation model in order to investigate the existence of a ‘virtuous circle’ between industries’ R&D, share of product innovators and export market shares. We investigate empirically – at the industry level – three key relationships affecting the dynamics of innovation and export performance: first, the capacity of firms to translate their R&D efforts in new products; second, the role of innovation as a determinant …