Innovative Events

Max Nathan, Anna Rosso

Research output: Working paper/PreprintWorking paper


Policymakers need to understand innovation in high-profile sectors like technology. This can be surprisingly hard to observe. We combine UK administrative microdata, media and website content to develop experimental measures of firm innovation – new product/service launches – that complement existing metrics. We then explore the innovative performance of technology sector SMEs – firms also of great policy interest – using panel fixed effects
settings, comparing conventional and machine-learning-based definitions of industry space. For companies with event coverage, tech SMEs are substantially more launch-active than non-tech firms, with suggestive evidence of firm-city interactions. We use instruments and reweighting to handle underlying event exposure probabilities.
Original languageEnglish
Number of pages62
Publication statusPublished - 1 Jul 2017

Publication series

NameCentro Studi Luca D’Agliano Development Studies Working Papers
PublisherCentro Studi Luca D’Agliano

Bibliographical note

This paper is currently under review at Management Science.


  • innovation
  • data science
  • ICT


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