How Persistently Do Firms Innovate?

CEPR Discussion Paper Series 1433

Posted: 25 Sep 1996

See all articles by Paul A. Geroski

Paul A. Geroski

London Business School; Centre for Economic Policy Research (CEPR)

John Van Reenen

London School of Economics - Centre for Economic Performance (CEP); Stanford Graduate School of Business; Institute for Fiscal Studies (IFS); Centre for Economic Policy Research (CEPR)

Chris F. Walters

London Business School

Date Written: July 1996

Abstract

This paper examines the innovative history of a number of UK firms using two large databases, looking for evidence consistent with the view that firms who innovate typically do so persistently. The first sample contains 3,304 firms who registered at least one patent in the United States during the period 1969-88, while the second consists of 1,624 firms who produced at least one major innovation at any time in the United Kingdom from 1945-82. Both datasets yield the same conclusion, namely that very few innovative firms are persistently innovative.

JEL Classification: O3, O0, N2

Suggested Citation

Geroski, Paul A. and Van Reenen, John Michael and Walters, Chris F., How Persistently Do Firms Innovate? (July 1996). CEPR Discussion Paper Series 1433. Available at SSRN: https://ssrn.com/abstract=4253

Paul A. Geroski (Contact Author)

London Business School ( email )

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John Michael Van Reenen

London School of Economics - Centre for Economic Performance (CEP) ( email )

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Stanford Graduate School of Business ( email )

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Centre for Economic Policy Research (CEPR)

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Chris F. Walters

London Business School ( email )

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London NW1 4SA
United Kingdom

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