The Nature of Innovation and the Origin of Technological Spillovers

27 Pages Posted: 7 Jun 2004

Date Written: October 2003


The aim of this paper is to show that innovations are the result of complex interactions between different private and public agents. For that, we identify the nature of the information sources that firms use to produce their innovations and assess the impact of these different sources on the results of the innovation process. We develop an econometric sequential model dealing successively with the innovation decision and the nature of innovation and use recent French data coming from the 1997 Community Innovation Survey. The main results are that innovation is not the result of isolated agents and that firms use very differently information sources according to the novelty degree of their innovation.

Keywords: Innovation, information sources, community innovations surveys, sequential probit, selection bias

JEL Classification: C35, O31, O32

Suggested Citation

Monjon, Stéphanie and Waelbroeck, Patrick, The Nature of Innovation and the Origin of Technological Spillovers (October 2003). Available at SSRN: or

Stéphanie Monjon

ADEME ( email )

2, Square Lafayette
49400 Angers cedex 01

Patrick Waelbroeck (Contact Author)

Telecom ParisTech ( email )

46 rue Barrault
F-75634 Paris, Cedex 13

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