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Is science-based innovation more productive? A firm-level study

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This study tests for the effect of firm-level innovation on subsequent productivity using data on 7724 Australian SMEs (2005-06 to 2011-12) and 220 Australian large firms (2000-01 to 2011-12). We find that innovation raises SME productivity, from one to four years later, by 21 per cent. The strongest effects are derived from organisational and managerial innovations and innovations sourced from science. If the firm had also collaborated, productivity rose by an additional 6 per cent. For large firms, only innovation that was accompanied by verified ‘good management' practices raised productivity. In both models, the measure of productivity is estimated from firms' financial records while the innovation data is drawn from survey material.

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Parent title

Reports commissioned or specially undertaken for Securing Australias Future project 4: The role of science, research and technology in lifting Australian productivity

Publisher

Australian Council of Learned Academies

Copyright statement

Copyright © 2014 Australian Council of Learned Academies. The published version is reproduced with the permission of the publisher.

Language

eng

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