The Impact of Product and Process Innovations on Productivity: A Review of Empirical Studies

Abstract

This article draws attention to insufficient research interest in the empirical assessments of the impact of product and process innovations (PPI) on economic performance. The analysis of the relevant studies for 2000–2022 found significant international and intersectoral differentiation of the considered linkages between innovation and productivity. It revealed limitations for the meaningful interpretation of the array of results accumulated in the literature. The author emphasizes the importance of an integrated multi-perspective approach to assessing the possible impact of PPI on various aspects of enterprise and industry performance when planning public innovation policy. For example, minor product innovations can make a tangible positive contribution to a company's sales growth, but have no impact on labor productivity at all. The impact of a radical resource-saving process innovation will look doubtful if it is evaluated only on a short time interval. The author concludes that it is expedient to revise established views on industrial technological innovations and develop new approaches to their measurement.

Targeting in management of sustainable innovative development for industrial enterprises

“…Accordingly, there is a problem of determining the contribution of "bodiless" and closed innovations to the efficiency of innovation activity of enterprises and industries. In addition, the task of determining the impact on economic results of certain types of technological innovations -process and product innovations -remains unsolved [17]. However, the most important thing is that, on the one hand, in the economy of different countries there are production sectors with different levels of manufacturability: low-, medium-and high-tech.…”

Investigación multidisciplinaria desde una visión multidisciplinar. Libro 1

“…La incidencia de un proceso disruptivo de ahorro de recursos no será posible si la evaluación corresponde a un limitado espacio de tiempo. Se concluye que es esencial revisar las posiciones dadas alrededor de las innovaciones tecnológicas industriales para generar nuevos criterios de medición (Domnich, 2022).…”