Evidence on the Impact of Education on Innovation and Productivity

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Evidence on the Impact of Education on Innovation and Productivity

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dc.contributor.author Junge, Martin
dc.contributor.author Severgnini, Battista
dc.contributor.author Sørensen, Anders
dc.date.accessioned 2012-08-20
dc.date.accessioned 2012-08-21T13:45:27Z
dc.date.available 2012-08-21T13:45:27Z
dc.date.issued 2012-08-21
dc.identifier.uri http://hdl.handle.net/10398/8498
dc.description.abstract This paper investigates the importance of the educational mix of employees at the firm level for the probability of firms being involved in innovation activities. We distinguish between four types of innovation: product, process, organisational, and marketing innovation. Moreover, we consider three different types of education for employees with at least 16 years of schooling: technical sciences, social sciences, and humanities. Furthermore, we examine the influence of these different innovation activities on firm productivity. Using a rotating panel data sample of Danish firms, we find that different types of innovations are related to distinct educational types. Moreover, we find that firms that adopt product and marketing innovation are more productive than firms that adopt product innovation but not marketing innovation and firms that adopt marketing innovation but not product innovation. In addition, firms that adopt organisational and process innovation demonstrate greated productivity levels than forms that adopt organisational innovation but not process innovation that again demonstrate greater productivity than firms that do not adopt process innovation but not organisational innovation. Finally, we establish that product and marketing innovation as well as organisational and process innovation are complementary inputs using formal tests for supermodularity. Complementarity can be rejected for all other pairs of innovation types. en_US
dc.format.extent 32 en_US
dc.language eng en_US
dc.relation.ispartofseries Working paper;2-2012
dc.subject.other Educational composition en_US
dc.subject.other Human capital en_US
dc.subject.other Innovation en_US
dc.subject.other Productivity en_US
dc.subject.other Complementarity en_US
dc.title Evidence on the Impact of Education on Innovation and Productivity en_US
dc.type wp en_US
dc.accessionstatus modt12aug20 lbjl en_US
dc.contributor.corporation Copenhagen Business School. CBS en_US
dc.contributor.department Økonomisk Institut en_US
dc.contributor.departmentshort ECON en_US
dc.contributor.departmentuk Department of Economics en_US
dc.contributor.departmentukshort ECON en_US
dc.idnumber x656701918 en_US
dc.publisher.city Frederiksberg en_US
dc.publisher.year 2012 en_US


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