Innovation and the performance of New Zealand firms

Publication type: 
Research paper
Simon Wakeman and Paul Conway
Publication date: 
JEL Codes: 
O30, O31

This paper looks at the impact of innovation on the performance of New Zealand firms. Results show that innovating firms grew more quickly than non-innovators but did not experience improved productivity outcomes. However, digging into the relationship between innovation and firm performacne reveals that firms in the manufacturing sector improved their productivity performance as a result of innovation. Firms that were younger or had access to international markets also tended to experience highter productivity growth following some types of innovation.