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      Prometheus is published by Pluto Journals, an Open Access publisher. This means that everyone has free and unlimited access to the full-text of all articles from our international collection of social science journals. Furthermore Pluto Journals authors don’t pay article processing charges (APCs).

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      Prometheus

      Volume 37, Issue 3
       
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      The impact of persistent innovation on Australian firm growth

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            Abstract

            This paper assesses the contribution of innovation persistence to surviving Australian firm growth performance over the period 2007–08 to 2013–14 with the added advantages that new firms, micro-sized firms and all industry sectors are included in our analysis. Over this period, firms with high sales and/or employment growth accounted for the majority of aggregate economic and employment growth in Australia, which is consistent with similar studies in other countries. Using a randomized, stratified sample from a firm population-level database that links administrative, tax and survey data, we created a matched, balanced sample of surviving firms to show that short-term persistent innovators (particularly young SMEs) significantly outgrow their less persistent and non-innovator counterparts in terms of sales, value added, employment and profit growth. Persistent innovators are more likely to be high-growth firms and more likely to introduce multiple types of innovation that are more novel. Our findings suggest that broad-based innovation policies may support successive waves of high-growth firms that help to sustain economic and employment growth in Australia.

            Content

            Author and article information

            Journal
            Journal ID (doi): 10.2307/j50022063
            Journal ID (jcode): prometheus
            Title: Prometheus
            Publisher: Pluto Journals
            ISSN: 0810-9028
            ISSN: 1470-1030
            Publication date (Print): 1 September 2021
            Volume: 37
            Issue: 3 ( doiID: 10.13169/prometheus.37.issue-3 )
            Pages: 241-258
            Affiliations
            [ a ]Office of the Chief Economist, Australian Government Department of Industry, Innovation and Science, Canberra
            [ b ]Australian Bureau of Statistics, Canberra
            Author notes
            Article
            Publisher ID: prometheus.37.3.0241
            DOI: 10.13169/prometheus.37.3.0241
            SO-VID: 6fec3c5b-50bb-4159-9b89-e482dd5533b6
            Copyright © © 2021 Pluto Journals
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            All content is freely available without charge to users or their institutions. Users are allowed to read, download, copy, distribute, print, search, or link to the full texts of the articles in this journal without asking prior permission of the publisher or the author. Articles published in the journal are distributed under a http://creativecommons.org/licenses/by/4.0/.

            History
            Custom metadata
            lang eng

            ScienceOpen disciplines: Computer science,Arts,Social & Behavioral Sciences,Law,History,Economics

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