RBA Annual Conference – 2015 Does Innovation Make (SME) Firms More Productive?

Table 5: Second-stage Fixed-effects Estimation – Competition
Percentage points
(1) (2) (3) (4) (5)
Competitive Not
competitive		 Competitive Not
competitive		 Competitive Not
competitive		 Competitive Not
competitive		 Competitive Not
competitive
Innovation introduced (1/0) 4.9**
(2.0)		 5.7
(7.5)		                        
Innovation diversity (0 to 1)       25.4***
(9.7)		 34.9
(4.77)		                  
Innovation (factor)             3.1***
(1.1)		 4.5
(4.8)		            
Collaboration (any reason)                   2.0
(2.8)		 −0.4
(11.8)		      
Collaboration (innovation)                         7.1***
(3.1)		 22.9*
(12.8)
Observations 6,542 598   6,542 598   6,542 598   6,542 598   6,542 598
R2 0.001 0.001   0.001 0.001   0.000 0.000   0.001 0.005   0.001 0.001

Note: See notes for Table 3

Sources: ABS; ATO; Authors' calculations