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In this seminar, Hang Hoang presents the results of her investigation on how firms transform innovation knowledge into firm growth. Two-step quantile regressions together with Vietnamese small and medium-sized enterprises (SMEs) surveys from 2005 to 2015 are employed to explore the reasons behind success and failure in transforming innovation into growth. The results show that the relationship between the three types of innovation and growth varies by quantiles and depends upon growth measurements. Also, corruption has severely affected firm growth, and its effect is more often triggered in young and networking firms. Other firm attributes affect innovation and firm growth are identified and discussed including total assets, investment, managers’ education, and export. Consequently, young SMEs in Vietnam are more innovative and pay more bribes than their older counterparts, but young firms lack resources and face a higher risk of failures in turning innovation knowledge into successful growth.
Hang Hoang is a PhD student at CAMA in the Crawford School of Public Policy. Her thesis focuses on innovation, productivity and endogenous growth at the firm, industry and country levels. Her research contributes to better understanding of driven innovation in theories, practices, and modellings for speeding up innovation and growth in the developing world. Before coming to ANU, Hang worked as a lecturer and a project coordinator in Vietnam.
The CAMA Macroeconomics Brown Bag Seminars offer CAMA speakers, in particular PhD students, an opportunity to present their work in progress in front of their peers, and reputable visitors to showcase their work.