Variable definitions
| FTI | First-time innovator. A firm that declares to have introduced an innovation in a period, not having implemented any innovation since the first year it is observed in the sample |
| TFP | Logarithm of total factor productivity |
| Size | Logarithm of the number of employees |
| Export | Dummy variable that takes value 1 if the firm exports output in period t, and 0 otherwise |
| Import | Dummy variable that takes value 1 if the firm imports intermediates in period t, and 0 otherwise |
| R&D | R&D expenditures over sales |
| Process | Dummy variable that takes value 1 if the firm obtains a process innovation in period t, and 0 otherwise |
| Product | Dummy variable that takes value 1 if the firm obtains a product innovation in period t, and 0 otherwise |
| Year dummies | Dummy variable taking value 1 for the corresponding year, and 0 otherwise |
| Industry dummies | Industry dummies accounting for 19 industrial sectors (OECD classification) |
| FTI | First-time innovator. A firm that declares to have introduced an innovation in a period, not having implemented any innovation since the first year it is observed in the sample |
| TFP | Logarithm of total factor productivity |
| Size | Logarithm of the number of employees |
| Export | Dummy variable that takes value 1 if the firm exports output in period |
| Import | Dummy variable that takes value 1 if the firm imports intermediates in period |
| R&D | R&D expenditures over sales |
| Process | Dummy variable that takes value 1 if the firm obtains a process innovation in period |
| Product | Dummy variable that takes value 1 if the firm obtains a product innovation in period |
| Year dummies | Dummy variable taking value 1 for the corresponding year, and 0 otherwise |
| Industry dummies | Industry dummies accounting for 19 industrial sectors (OECD classification) |
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