Determinants of innovation novelty: evidence from Australian administrative data

Omer Majeed, Robert Breunig

    Research output: Contribution to journalArticle

    Abstract

    Innovation is key for productivity growth and an important focus for policy in many countries. Innovation novelty, increasing from new-to-firm to new-to-world, is linked with firm growth and spillover effects. We examine the role of R&D, management capability and business skills in innovation novelty. Using detailed firm-level data, we find that firm-specific variables such as R&D, collaboration, foreign ownership, business focus on innovation and management capability are significantly associated with higher levels of innovation novelty. We also find that innovation strategy can vary based on firm size. We provide new evidence for Australia.
    Original languageEnglish
    Pages (from-to)1249-1273
    JournalEconomics of Innovation and New Technology
    Volume32
    Issue number8
    DOIs
    Publication statusPublished - 2022

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