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The impact of new goods and service products on firm growth: evidence from Austrian-linked firm-level data

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  • Martin Falk

Abstract

Using a matched innovation survey and structural business statistics, we investigate the impact of the introduction of new service products and other types of technological innovations on firm growth measured as subsequent two-year employment growth. Results, based on median and robust regression methods for manufacturing firms, show that, on average, both the introduction of new goods and process innovations have a significant and positive impact on subsequent firm growth. In contrast, the introduction of new services does not, on average, have a significant impact on firm growth for both manufacturing and service firms. However, quantile regressions show that the introduction of new service products has a significant and positive impact on firm growth for high-growth service firms. Finally, in manufacturing, the introduction of product innovations has a positive impact on firm growth at both the lower and higher ends of distribution (i.e. for both high-growth and shrinking firms).

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  • Martin Falk, 2014. "The impact of new goods and service products on firm growth: evidence from Austrian-linked firm-level data," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 23(4), pages 378-397, June.
    • Handle: RePEc:taf:ecinnt:v:23:y:2014:i:4:p:378-397
    DOI: 10.1080/10438599.2013.871165
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    References listed on IDEAS

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    1. Bartelsman, Eric & Dobbelaere, Sabien & Peters, Bettina, 2013. "Allocation of Human Capital and Innovation at the Frontier: Firm-Level Evidence on Germany and the Netherlands," IZA Discussion Papers 7540, Institute of Labor Economics (IZA).
    2. Vivarelli, Marco, 2012. "Innovation, Employment and Skills in Advanced and Developing Countries: A Survey of the Literature," IZA Discussion Papers 6291, Institute of Labor Economics (IZA).
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    Cited by:

    1. Falk Martin, 2015. "Employment Effects of Technological and Organizational Innovations: Evidence Based on Linked Firm-Level Data for Austria," Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), De Gruyter, vol. 235(3), pages 268-285, June.
    2. Martin Falk & Werner Hölzl & Harald Oberhofer, 2015. "Die Bedeutung von unternehmensbezogenen Individualdaten für die empirische Wirtschaftsforschung und wirtschaftspolitische Beratung," WIFO Monatsberichte (monthly reports), WIFO, vol. 88(11), pages 845-857, November.
    3. Lee, Sunghee & Yoo, Shijin & Kim, Daeki, 2016. "When is servitization a profitable competitive strategy?," International Journal of Production Economics, Elsevier, vol. 173(C), pages 43-53.
    4. N. N., 2015. "WIFO-Monatsberichte, Heft 11/2015," WIFO Monatsberichte (monthly reports), WIFO, vol. 88(11), November.

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