DOES FIRM INNOVATION LEAD TO HIGH GROWTH? EVIDENCE FROM ECUADORIAN FIRMS

被引:3
|
作者
Grijalva, Diego F. [1 ,2 ]
Ayala, Valeria [3 ]
Ponce, Paul A. [4 ,5 ]
Ponton, Yelitza [6 ]
机构
[1] USFQ, USFQ Business Sch, Sch Econ, Quito, Ecuador
[2] USFQ, USFQ Business Sch, Inst Econ, Quito, Ecuador
[3] USFQ, Sch Econ, Quito, Ecuador
[4] Secretaria Nacl Planificac & Desarrollo SENPLADES, Quito, Ecuador
[5] USFQ, Quito, Ecuador
[6] Proventus Advisors, Quito, Ecuador
来源
CUADERNOS DE ECONOMIA | 2018年 / 37卷 / 75期
关键词
Firm growth; high-growth firms; job creation; entrepreneurship; innovation;
D O I
10.15446/cuad.econ.v37n75.68621
中图分类号
F [经济];
学科分类号
02 ;
摘要
We analyze the determinants of: i) employment and sales growth, and ii) the likelihood of becoming a high-growth firm (HGF) among Ecuadorian firms for the period 2011-2014. We apply a two-stage econometric model that controls for selection bias in the choice to innovate in regards to the two rounds of the Ecuadorian National Innovation Activities Survey. We find that younger firms and firms that spend more on R&D activities per employee have significantly higher levels of employment growth and are significantly more like to become employment HGFs.
引用
收藏
页码:697 / 725
页数:29
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