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The Innovation-Sales Growth Nexus in Europe

Author

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  • Costantiello, Alberto
  • Laureti, Lucio
  • De Cristoforo, Gianluca
  • Leogrande, Angelo

Abstract

In this article we investigate the innovation-sales growth nexus in Europe. We use data from European Innovation Scoreboard of the European Commission in the period 2000-2019 for 36 countries. Data are analyzed using Panel Data with Random Effects, Fixed Effects, Dynamic Panel at 1 Stage, Pooled OLS, WLS. Results show that the impact of innovation on sales in Europe is positively associated with “Share Knowledge-Intensive Services”, “Turnover of Share Large Enterprises”, “Employment Impacts”, “Innovators”, “Intellectual Assets”, “Linkages” and is negatively associated with “Enterprise Births”, “Government Procurement of Advanced Technology Products”, “Share of Employment in High and Medium high-tech Manufacturing”.

Suggested Citation

  • Costantiello, Alberto & Laureti, Lucio & De Cristoforo, Gianluca & Leogrande, Angelo, 2021. "The Innovation-Sales Growth Nexus in Europe," MPRA Paper 106858, University Library of Munich, Germany, revised 28 Mar 2021.
    • Handle: RePEc:pra:mprapa:106858
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    References listed on IDEAS

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    Cited by:

    1. Leogrande, Angelo & Costantiello, Alberto & Laureti, Lucio, 2022. "k-Means Clusterization and Machine Learning Prediction of European Most Cited Scientific Publications," MPRA Paper 114273, University Library of Munich, Germany.
    2. Leogrande, Angelo & Costantiello, Alberto, 2021. "Human Resources in Europe. Estimation, Clusterization, Machine Learning and Prediction," MPRA Paper 109749, University Library of Munich, Germany.
    3. Laureti, Lucio & Costantiello, Alberto & Matarrese, Marco Maria & Leogrande, Angelo, 2022. "Enterprises Providing ICT Training in Europe," MPRA Paper 111756, University Library of Munich, Germany.
    4. Costantiello, Alberto & Laureti, Lucio & Leogrande, Angelo & Marco, Matarrese, 2021. "The Innovation Linkages in Europe," MPRA Paper 111038, University Library of Munich, Germany.
    5. Leogrande, Angelo, 2022. "The Employment Impact of Innovation in Europe," MPRA Paper 112517, University Library of Munich, Germany.
    6. Leogrande, Angelo & Costantiello, Alberto & Laureti, Lucio, 2022. "The Export of Medium and High-Tech Products Manufactured in Europe," MPRA Paper 114215, University Library of Munich, Germany.
    7. Leogrande, Angelo & Costantiello, Alberto & Laureti, Lucio, 2021. "The Impact of Venture Capital Expenditures on Innovation in Europe," MPRA Paper 109897, University Library of Munich, Germany.
    8. Laureti, Lucio & Costantiello, Alberto & Matarrese, Marco Maria & Leogrande, Angelo, 2022. "The Employment in Innovative Enterprises in Europe," MPRA Paper 111335, University Library of Munich, Germany.
    9. Leogrande, Angelo & Costantiello, Alberto & Laureti, Lucio, 2022. "The Exports of Knowledge Intensive Services. A Complex Metric Approach," MPRA Paper 113348, University Library of Munich, Germany.
    10. Leogrande, Angelo, 2022. "The Export of High Knowledge Intensity Services of European Countries," MPRA Paper 112795, University Library of Munich, Germany.
    11. Leogrande, Angelo & Costantiello, Alberto & Laureti, Lucio, 2022. "The Impact of New Doctorate Graduates on Innovation Systems in Europe," MPRA Paper 114452, University Library of Munich, Germany.
    12. Costantiello, Alberto & Laureti, Lucio & Leogrande, Angelo, 2022. "Marketing and Organizational Innovations in Europe," MPRA Paper 114121, University Library of Munich, Germany.
    13. Leogrande, Angelo & Costantiello, Alberto & Laureti, Lucio, 2021. "The Broadband Penetration in Europe," MPRA Paper 110457, University Library of Munich, Germany.
    14. Leogrande, Angelo & Costantiello, Alberto & Laureti, Lucio & Leogrande, Domenico, 2021. "The Determinants of Design Applications in Europe," MPRA Paper 110836, University Library of Munich, Germany.

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    More about this item

    Keywords

    Innovation; Open Innovation; Research and Development; Sales Growht; Firm Performance;
    All these keywords.

    JEL classification:

    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • O34 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Intellectual Property and Intellectual Capital
    • O35 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Social Innovation

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