TY - JOUR
T1 - Fortune favours the brave: the distribution of innovative returns in Finland, the Netherlands and the UK
AU - Ebersberger, B
AU - Marsili, O (Orietta)
AU - Reichstein, T
AU - Salter, A
PY - 2008
Y1 - 2008
N2 - It is widely accepted that innovation may allow some industrial firms to reap great economic gains. Yet little is known about how the shape of the distribution of firm-level innovative returns differs across industries. The paper explores the general properties and sectoral differences in the distribution of share of innovative sales of manufacturing and service firms in Finland, the Netherlands and the UK. In general, the distribution is positively skewed with a long right tail. Applying a classification of industries in four broad categories, we find that the distribution exhibits significantly more skewness in sectors with low levels of technological opportunity. We explore the implications of these findings for research and theory on the economic implications of innovation
AB - It is widely accepted that innovation may allow some industrial firms to reap great economic gains. Yet little is known about how the shape of the distribution of firm-level innovative returns differs across industries. The paper explores the general properties and sectoral differences in the distribution of share of innovative sales of manufacturing and service firms in Finland, the Netherlands and the UK. In general, the distribution is positively skewed with a long right tail. Applying a classification of industries in four broad categories, we find that the distribution exhibits significantly more skewness in sectors with low levels of technological opportunity. We explore the implications of these findings for research and theory on the economic implications of innovation
U2 - 10.1016/j.strueco.2008.01.001
DO - 10.1016/j.strueco.2008.01.001
M3 - Article
SN - 0954-349X
VL - 19
SP - 357
EP - 362
JO - Structural Change and Economic Dynamics
JF - Structural Change and Economic Dynamics
IS - 4
ER -
