Innovative Events

Research output: Working paper

Authors

Colleges, School and Institutes

External organisations

  • University of Milan

Abstract

We take a fresh look at firms’ innovation-productivity linkages, using novel data capturing new aspects of innovative activity. We combine UK administrative microdata, media and website content to develop experimental metrics – new product/service launches – for a large panel of SMEs. Extensive validation and descriptive exercises show that launches complement patents, trademarks and innovation surveys. We also establish connections between launches and previous innovative activity. We then link IP, launches and productivity, controlling for media exposure and firm heterogeneity. Launch activity is associated with higher SME productivity, especially in the service sector. High-quality launches and medium-size firms help drive this result.

Details

Original languageEnglish
Place of PublicationLondon
PublisherCentre for Economic Performance
Number of pages79
Publication statusPublished - 1 Mar 2019

Publication series

NameCEP Discussion Paper Series
No.1607
ISSN (Electronic)2042-2695

Keywords

  • innovation, productivity, ICT, data science