The Role of Demand in Fostering Product vs Process Innovation: A Model and an Empirical Test

Dawid H, Pellegrino G, Vivarelli M (2017) Working Papers in Economics and Management; 06-2017.
Bielefeld: Bielefeld University, Department of Business Administration and Economics.

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While the extant innovation literature has provided extensive evidence of the so-called "demand-pull" effect, the possible diverse impact of demand evolution on product vs process innovation activities has not been yet investigated. This paper develops a formal model predicting a larger inducing impact of past sales in fostering product rather than process innovation. This prediction is then tested through a dynamic microeconometric model, controlling for R&D persistence, sample selection, observed and unobservable individual firm effects and time and sectoral peculiarities. Results are consistent with the model and suggest that an expansionary economic policy may benefit the diffusion of new products or even the emergence of entire new sectors.
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Dawid H, Pellegrino G, Vivarelli M. The Role of Demand in Fostering Product vs Process Innovation: A Model and an Empirical Test. Working Papers in Economics and Management. Vol 06-2017. Bielefeld: Bielefeld University, Department of Business Administration and Economics; 2017.
Dawid, H., Pellegrino, G., & Vivarelli, M. (2017). The Role of Demand in Fostering Product vs Process Innovation: A Model and an Empirical Test (Working Papers in Economics and Management, 06-2017). Bielefeld: Bielefeld University, Department of Business Administration and Economics. doi:10.4119/unibi/2914083
Dawid, H., Pellegrino, G., and Vivarelli, M. (2017). The Role of Demand in Fostering Product vs Process Innovation: A Model and an Empirical Test. Working Papers in Economics and Management, 06-2017, Bielefeld: Bielefeld University, Department of Business Administration and Economics.
Dawid, H., Pellegrino, G., & Vivarelli, M., 2017. The Role of Demand in Fostering Product vs Process Innovation: A Model and an Empirical Test, Working Papers in Economics and Management, no.06-2017, Bielefeld: Bielefeld University, Department of Business Administration and Economics.
H. Dawid, G. Pellegrino, and M. Vivarelli, The Role of Demand in Fostering Product vs Process Innovation: A Model and an Empirical Test, Working Papers in Economics and Management, vol. 06-2017, Bielefeld: Bielefeld University, Department of Business Administration and Economics, 2017.
Dawid, H., Pellegrino, G., Vivarelli, M.: The Role of Demand in Fostering Product vs Process Innovation: A Model and an Empirical Test. Working Papers in Economics and Management, 06-2017. Bielefeld University, Department of Business Administration and Economics, Bielefeld (2017).
Dawid, Herbert, Pellegrino, Gabriele, and Vivarelli, Marco. The Role of Demand in Fostering Product vs Process Innovation: A Model and an Empirical Test. Bielefeld: Bielefeld University, Department of Business Administration and Economics, 2017. Working Papers in Economics and Management. 06-2017.
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