Fortune Favours the Brave: The Distribution of Innovative Returns in Finland, the Netherlands and the UK

Bernd Ebersberger; Orietta Marsili; Toke Reichstein; Ammon Salter

doi:10.1016/j.strueco.2008.01.001

Fortune Favours the Brave: The Distribution of Innovative Returns in Finland, the Netherlands and the UK

Bernd Ebersberger, Orietta Marsili, Toke Reichstein, Ammon Salter

Publikation: Bidrag til tidsskrift › Tidsskriftartikel › Forskning › peer review

Abstract

It is widely accepted that innovation may allow some industrial firms to reap great economic gains. Yet little is known about how the shape of the distribution of firm-level innovative returns differs across industries. The paper explores the general properties and sectoral differences in the distribution of share of innovative sales of manufacturing and service firms in Finland, the Netherlands and the UK. In general, the distribution is positively skewed with a long right tail. Applying a classification of industries in four broad categories, we find that the distribution exhibits significantly more skewness in sectors with low levels of technological opportunity. We explore the implications of these findings for research and theory on the economic implications of innovation.

Originalsprog	Engelsk
Tidsskrift	Structural Dynamics and Economic Change
Vol/bind	19
Udgave nummer	4
Sider (fra-til)	357-362
Antal sider	6
ISSN	0954-349X
DOI	https://doi.org/10.1016/j.strueco.2008.01.001
Status	Udgivet - 2008

Emneord

Innovative returns
Skewed distributions
Boot strapping
Technological opportunity

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abstract = "It is widely accepted that innovation may allow some industrial firms to reap great economic gains. Yet little is known about how the shape of the distribution of firm-level innovative returns differs across industries. The paper explores the general properties and sectoral differences in the distribution of share of innovative sales of manufacturing and service firms in Finland, the Netherlands and the UK. In general, the distribution is positively skewed with a long right tail. Applying a classification of industries in four broad categories, we find that the distribution exhibits significantly more skewness in sectors with low levels of technological opportunity. We explore the implications of these findings for research and theory on the economic implications of innovation.",

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AU - Salter, Ammon

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AB - It is widely accepted that innovation may allow some industrial firms to reap great economic gains. Yet little is known about how the shape of the distribution of firm-level innovative returns differs across industries. The paper explores the general properties and sectoral differences in the distribution of share of innovative sales of manufacturing and service firms in Finland, the Netherlands and the UK. In general, the distribution is positively skewed with a long right tail. Applying a classification of industries in four broad categories, we find that the distribution exhibits significantly more skewness in sectors with low levels of technological opportunity. We explore the implications of these findings for research and theory on the economic implications of innovation.

KW - Innovative returns

KW - Skewed distributions

KW - Boot strapping

KW - Technological opportunity

KW - Innovative returns

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KW - Boot strapping

KW - Technological opportunity

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