Sources of Spillovers for Imitation and Innovation
19 Pages Posted: 22 Jan 2014
Date Written: July 1, 2013
We estimate the effect of R&D spillovers on sales realized by products new to the firm (imitation) and new to the market (innovation). It turns out that spillovers from rivals lead to more imitation, while inputs from customers and research institutions enhance original innovation.
Keywords: innovation, imitation, spillovers
JEL Classification: L12, O31, O32
Suggested Citation: Suggested Citation