Article accepted for publication in an ISI international journal, equivalent to FIISEG category B: Authors: Jorge Caiado (ISEG), Luísa Carvalho (ESCE/IPS) and Teresa Costa (ESCE/IPS):
CARVALHO, L., T. COSTA and J. CAIADO (2012). "Determinants of innovation in a small open economy: A multidimensional perspective", Journal of Business Economics and Management (accept), Taylor & Francis.
2010 Impact Factor - 3,866
Ranking - 4/103 (Business)
Ranking - 7/305 (Economics)
© Thomson ISI Journal Citation Reports 2011
Abstract: This paper uses logistic regression analysis to examine how intramural and extramural R&D, acquisition of machinery, equipment and software, acquisition of external knowledge, training, market introduction and other procedures and technical preparations determine the innovation behavior of manufacturing and service firms. We adopt a multidimensional view of innovation by considering product, process, organizational and marketing innovations as dependent variables separately. The study reports on the Community Innovation Survey (CIS4) of a small open-economy country. The empirical results indicate that intramural R&D has a positive impact on innovation. In contrast, the influence of extramural R&D on innovation is unclear. All innovation activities contribute towards organizational innovation. The study also suggests that there are no significant differences between services and manufacturing firms concerning the propensity to innovation.
Key words: Innovation, Manufacturing firms; service firms, CIS
JEL: L60,L80, O30, O32
Jorge Caiado (PhD) is Assistant Professor at the Instituto Superior de Economia e Gestão (ISEG) and researcher at the Center for Applied Mathematics for Economic Forecasting and Decision (CEMAPRE).
