Evidence on the Impact of Education on Innovation and Productivity

Publikation: KonferencebidragPaperForskningpeer review

Resumé

This paper investigates the importance of the educational mix of employees at the firm level for the probability of firms being involved in innovation activities. We distinguish between four types of innovation: product, process, organisational, and marketing innovation. Moreover, we consider three different types of education for employees with at least 16 years of schooling: technical sciences, social sciences, and humanities. Furthermore, we examine the influence of these different innovation activities on firm productivity. Using a rotating panel data sample of Danish firms, we find that different types of innovations are related to distinct educational types. Moreover, we find that firms that adopt product and marketing innovation are more productive than firms that adopt product innovation but not marketing innovation and firms that adopt marketing innovation but not product innovation. In addition, firms that adopt organisational and process innovation demonstrate greater productivity levels than forms that adopt organisational innovation but not process innovation that again demonstrate greater productivity than firms that do not adopt process innovation but not organisational innovation. Finally, we establish that product and marketing innovation as well as organisational and process innovation are complementary inputs using formal tests for supermodularity. Complementarity can be rejected for all other pairs of innovation types.
OriginalsprogEngelsk
Publikationsdato2013
Antal sider30
StatusUdgivet - 2013
BegivenhedEuropean Economic Association & Econometric Society 2013 Parallel Meetings - Gothenburg, Sverige
Varighed: 26 aug. 201330 aug. 2013
http://www.eea-esem.com/eea-esem/2013/

Konference

KonferenceEuropean Economic Association & Econometric Society 2013 Parallel Meetings
LandSverige
ByGothenburg
Periode26/08/201330/08/2013
Internetadresse

Emneord

  • Educational composition
  • Human capital
  • Innovation
  • Productivity
  • Complementarity

Citer dette

Junge, M., Severgnini, B., & Sørensen, A. (2013). Evidence on the Impact of Education on Innovation and Productivity. Afhandling præsenteret på European Economic Association & Econometric Society 2013 Parallel Meetings, Gothenburg, Sverige.
Junge, Martin ; Severgnini, Battista ; Sørensen, Anders. / Evidence on the Impact of Education on Innovation and Productivity. Afhandling præsenteret på European Economic Association & Econometric Society 2013 Parallel Meetings, Gothenburg, Sverige.30 s.
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Junge, M, Severgnini, B & Sørensen, A 2013, 'Evidence on the Impact of Education on Innovation and Productivity' Paper fremlagt ved European Economic Association & Econometric Society 2013 Parallel Meetings, Gothenburg, Sverige, 26/08/2013 - 30/08/2013, .

Evidence on the Impact of Education on Innovation and Productivity. / Junge, Martin ; Severgnini, Battista; Sørensen, Anders.

2013. Afhandling præsenteret på European Economic Association & Econometric Society 2013 Parallel Meetings, Gothenburg, Sverige.

Publikation: KonferencebidragPaperForskningpeer review

TY - CONF

T1 - Evidence on the Impact of Education on Innovation and Productivity

AU - Junge, Martin

AU - Severgnini, Battista

AU - Sørensen, Anders

PY - 2013

Y1 - 2013

N2 - This paper investigates the importance of the educational mix of employees at the firm level for the probability of firms being involved in innovation activities. We distinguish between four types of innovation: product, process, organisational, and marketing innovation. Moreover, we consider three different types of education for employees with at least 16 years of schooling: technical sciences, social sciences, and humanities. Furthermore, we examine the influence of these different innovation activities on firm productivity. Using a rotating panel data sample of Danish firms, we find that different types of innovations are related to distinct educational types. Moreover, we find that firms that adopt product and marketing innovation are more productive than firms that adopt product innovation but not marketing innovation and firms that adopt marketing innovation but not product innovation. In addition, firms that adopt organisational and process innovation demonstrate greater productivity levels than forms that adopt organisational innovation but not process innovation that again demonstrate greater productivity than firms that do not adopt process innovation but not organisational innovation. Finally, we establish that product and marketing innovation as well as organisational and process innovation are complementary inputs using formal tests for supermodularity. Complementarity can be rejected for all other pairs of innovation types.

AB - This paper investigates the importance of the educational mix of employees at the firm level for the probability of firms being involved in innovation activities. We distinguish between four types of innovation: product, process, organisational, and marketing innovation. Moreover, we consider three different types of education for employees with at least 16 years of schooling: technical sciences, social sciences, and humanities. Furthermore, we examine the influence of these different innovation activities on firm productivity. Using a rotating panel data sample of Danish firms, we find that different types of innovations are related to distinct educational types. Moreover, we find that firms that adopt product and marketing innovation are more productive than firms that adopt product innovation but not marketing innovation and firms that adopt marketing innovation but not product innovation. In addition, firms that adopt organisational and process innovation demonstrate greater productivity levels than forms that adopt organisational innovation but not process innovation that again demonstrate greater productivity than firms that do not adopt process innovation but not organisational innovation. Finally, we establish that product and marketing innovation as well as organisational and process innovation are complementary inputs using formal tests for supermodularity. Complementarity can be rejected for all other pairs of innovation types.

KW - Educational composition

KW - Human capital

KW - Innovation

KW - Productivity

KW - Complementarity

M3 - Paper

ER -

Junge M, Severgnini B, Sørensen A. Evidence on the Impact of Education on Innovation and Productivity. 2013. Afhandling præsenteret på European Economic Association & Econometric Society 2013 Parallel Meetings, Gothenburg, Sverige.