Innovation and business performance - a provisional multi-regional analysis

performance indicators considered and to undertake a more robust testing programme
of any estimation results. In particular, this will need to take account the statistical
issues of selectivity and simultaneity highlighted by Crepon et al. (1998). The
approach adopted by Crepon et al. (1998) clearly has substantial potential, however,
and may ultimately produce new systemic insights into the different processes which
generate innovation in the study regions.

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