CDM FRAMEWORK FOR R&D–INNOVATION–PRODUCTIVITY RELATIONSHIP: THEORETICAL AND EMPIRICAL PERSPECTIVES
This research uses the CDM framework to examine the relationship between R&D investment, innovation activity, and firm-level productivity. The study provides clear insights into the mechanisms that link innovation and economic performance by addressing methodological challenges such as selectiv...
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| Format: | Article |
| Language: | English |
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Helvetica Publishing House
2024-11-01
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| Series: | Економіка та суспільство |
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| Online Access: | https://economyandsociety.in.ua/index.php/journal/article/view/5035 |
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| author | Денис Жерновий |
| author_facet | Денис Жерновий |
| author_sort | Денис Жерновий |
| collection | DOAJ |
| description |
This research uses the CDM framework to examine the relationship between R&D investment, innovation activity, and firm-level productivity. The study provides clear insights into the mechanisms that link innovation and economic performance by addressing methodological challenges such as selectivity bias and simultaneity. The findings show that innovative firms experience higher productivity growth, with the impact varying across regions and industries. The research also defines five stylized facts: the positive influence of firm size and age on innovation, the role of competition in driving innovation, the importance of workforce qualifications and professional development, the complementary role of IT investments, and the significant effect of innovation on productivity growth. These insights form a foundation for policymaking that foster innovation and boost productivity growth.
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| format | Article |
| id | doaj-art-4e915acee00141c79889933d2d8bacd2 |
| institution | Kabale University |
| issn | 2524-0072 |
| language | English |
| publishDate | 2024-11-01 |
| publisher | Helvetica Publishing House |
| record_format | Article |
| series | Економіка та суспільство |
| spelling | doaj-art-4e915acee00141c79889933d2d8bacd22024-12-25T10:33:45ZengHelvetica Publishing HouseЕкономіка та суспільство2524-00722024-11-0168CDM FRAMEWORK FOR R&D–INNOVATION–PRODUCTIVITY RELATIONSHIP: THEORETICAL AND EMPIRICAL PERSPECTIVESДенис Жерновий0Dobrov Institute for Scientific and Technological Potential and Science History Studies of the National Academy of Sciences of Ukraine This research uses the CDM framework to examine the relationship between R&D investment, innovation activity, and firm-level productivity. The study provides clear insights into the mechanisms that link innovation and economic performance by addressing methodological challenges such as selectivity bias and simultaneity. The findings show that innovative firms experience higher productivity growth, with the impact varying across regions and industries. The research also defines five stylized facts: the positive influence of firm size and age on innovation, the role of competition in driving innovation, the importance of workforce qualifications and professional development, the complementary role of IT investments, and the significant effect of innovation on productivity growth. These insights form a foundation for policymaking that foster innovation and boost productivity growth. https://economyandsociety.in.ua/index.php/journal/article/view/5035CDM modelR&Dinnovationproductivitystylized facts |
| spellingShingle | Денис Жерновий CDM FRAMEWORK FOR R&D–INNOVATION–PRODUCTIVITY RELATIONSHIP: THEORETICAL AND EMPIRICAL PERSPECTIVES Економіка та суспільство CDM model R&D innovation productivity stylized facts |
| title | CDM FRAMEWORK FOR R&D–INNOVATION–PRODUCTIVITY RELATIONSHIP: THEORETICAL AND EMPIRICAL PERSPECTIVES |
| title_full | CDM FRAMEWORK FOR R&D–INNOVATION–PRODUCTIVITY RELATIONSHIP: THEORETICAL AND EMPIRICAL PERSPECTIVES |
| title_fullStr | CDM FRAMEWORK FOR R&D–INNOVATION–PRODUCTIVITY RELATIONSHIP: THEORETICAL AND EMPIRICAL PERSPECTIVES |
| title_full_unstemmed | CDM FRAMEWORK FOR R&D–INNOVATION–PRODUCTIVITY RELATIONSHIP: THEORETICAL AND EMPIRICAL PERSPECTIVES |
| title_short | CDM FRAMEWORK FOR R&D–INNOVATION–PRODUCTIVITY RELATIONSHIP: THEORETICAL AND EMPIRICAL PERSPECTIVES |
| title_sort | cdm framework for r d innovation productivity relationship theoretical and empirical perspectives |
| topic | CDM model R&D innovation productivity stylized facts |
| url | https://economyandsociety.in.ua/index.php/journal/article/view/5035 |
| work_keys_str_mv | AT denisžernovij cdmframeworkforrdinnovationproductivityrelationshiptheoreticalandempiricalperspectives |