Technological regimes, Schumpeterian patterns of innovation and firm-level productivity growth

Fulvio Castellacci, Jinghai Zheng

Research output: Contribution to journalArticlepeer-review

34 Citations (Scopus)

Abstract

The article investigates the relationships between technological regimes and firm-level productivity performance, and it explores how such a relationship differs in different Schumpeterian patterns of innovation. The analysis makes use of a rich dataset containing data on innovation and other economic characteristics of a large representative sample of Norwegian firms in manufacturing and service industries for the period 1998–2004. First, we decompose TFP growth into technical progress and efficiency changes by means of data envelopment analysis. We then estimate an empirical model that relates these two productivity components to the characteristics of technological regimes and a set of other firm-specific factors. The results indicate that: (i) TFP growth has mainly been achieved through technical progress, while technical efficiency has on average decreased; (ii) the characteristics of technological regimes are important determinants of firm-level productivity growth, but their impacts on technical progress are different from the effects on efficiency change; (iii) the estimated model works differently in the two Schumpeterian regimes. Technical progress has been more dynamic in Schumpeter Mark II industries, while efficiency change has been more important in Schumpeter Mark I markets.
Original languageEnglish
Pages (from-to)1829-1865
Number of pages37
JournalIndustrial and Corporate Change
Volume19
Issue number6
Early online date23 Sep 2010
DOIs
Publication statusPublished - Dec 2010

ASJC Scopus subject areas

  • Economics and Econometrics

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