The effect of innovation on productivity: evidence from Turkish manufacturing firms
INDUSTRY AND INNOVATION, cilt.26, sa.4, ss.439-460, 2019 (SSCI, Scopus)
- Yayın Türü: Makale / Tam Makale
- Cilt numarası: 26 Sayı: 4
- Basım Tarihi: 2019
- Doi Numarası: 10.1080/13662716.2018.1440196
- Dergi Adı: INDUSTRY AND INNOVATION
- Derginin Tarandığı İndeksler: Social Sciences Citation Index (SSCI), Scopus
- Sayfa Sayıları: ss.439-460
- Anahtar Kelimeler: Innovation, productivity, economic crisis, RESEARCH-AND-DEVELOPMENT, ECONOMIC-CRISIS, IMPACT, CAPABILITIES
- Açık Arşiv Koleksiyonu: AVESİS Açık Erişim Koleksiyonu
- Hacettepe Üniversitesi Adresli: Evet
Özet
This paper systematically explores the effects of firms' innovation activities on their productivity changes for Turkish manufacturing firms, differentiating between different typologies of innovation. We employ endogenous switching methodology, controlling for endogeneity and selection bias issues, as well as analysing counterfactual scenarios. The main finding of the study points to firm heterogeneity in terms of propensity both to innovate and to benefit from innovation activities. Our results indicate that all types of innovation activity have positive effects on the productivity of firms when compared with non-innovating firms. We find robust evidence for the differential impact of innovation on firm productivity across different innovation types. Further, this relationship alters across different phases of the economy with respect to the 2008 financial crisis.