Transcription of PRODUCT INNOVATION, PRODUCT DIVERSIFICATION, AND …
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PRODUCT INNOVATION, PRODUCT DIVERSIFICATION, AND …
NBER WORKING PAPER SERIESPRODUCT INNOVATION, PRODUCT DIVERSIFICATION, AND FIRM GROWTH: EVIDENCE FROM JAPAN S EARLY INDUSTRIALIZATIONS erguey BraguinskyAtsushi OhyamaTetsuji OkazakiChad SyversonWorking Paper 26665 BUREAU OF ECONOMIC RESEARCH1050 Massachusetts AvenueCambridge, MA 02138 January 2020 Braguinsky and Syverson were supported in part by NSF grant #1632833. Ohyama was supported by JSPS KAKENHI Grant Numbers 15K03409 and 15KK0078. Okazaki was supported in part by JSPS Kakenhi 190H00587. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic working papers are circulated for discussion and comment purposes.
Some aspects of our findings align with past studies, but others provide novel insights into the relationship between product variety expansion and firm growth. First, as predicted by the oft-used Klette and Kortum (2004) model, more new product introductions are associated with higher average firm growth.
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