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unobserved heterogeneity

Persistence of Innovation: Stylised Facts and Panel Data Evidence

Submitted by chaves on 30 March, 2007 - 09:57.

Number: 
2006-03
Author(s): 
Bettina Peters, Centre fo European Economic Research(ZEW)

This paper investigates whether firms innovate persistently over time using panel data on German firms for the period 1994–2002. I find that innovation is permanent at the firm–level to a very large extent.  read more »

  • WP21
  • dynamic random effects
  • innovation
  • panel probit model
  • persistence
  • state dependence
  • unobserved heterogeneity
  • 1 attachment
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