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    Innovation, R-D Investment and Productivity in Colombia

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    Innovation, R&D Investment and Productivity in Colombia. (495.0Kb)
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    Date

    2009-11

    Author

    Arbeláez, María A.
    Parra, Mónica

    Asistente

    Becerra, Alejandro

    URI

    http://hdl.handle.net/11445/215
    Metadata
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    Abstract

    "The main objective of this paper is to establish a formal relationship between innovation and performance using Colombian firm-level data. We find that, as predicted by the literature, the production of goods and services new to the firm and to the domestic market enhances firms productivity and sales. In the same way, innovation in management and marketing boosts firms productivity and sales. However, contrary to theoretical predictions, the production of goods and services new to the international market has a strong negative impact on TFP, although it largely increases sales when firms invest in R-D. We also study the factors behind the firms decision to invest in innovation, the intensity of such investment and the returns to investment in innovation."

    Abstract

    "The main objective of this paper is to establish a formal relationship between innovation and performance using Colombian firm-level data. We find that, as predicted by the literature, the production of goods and services new to the firm and to the domestic market enhances firms productivity and sales. In the same way, innovation in management and marketing boosts firms productivity and sales. However, contrary to theoretical predictions, the production of goods and services new to the international market has a strong negative impact on TFP, although it largely increases sales when firms invest in R-D. We also study the factors behind the firms decision to invest in innovation, the intensity of such investment and the returns to investment in innovation."

    Palabras clave

    Innovaciones
    Productividad
    Desempeño Económico
    Productividad Factorial
    Modelo Tobit Generalizado
    Colombia

    JEL

    C21
    C31
    C34
    C35
    L60
    O31
    O32
    O14
    O47
    Collections
    • Desarrollo Productivo [119]

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    Acerca de Fedesarrollo

    La Fundación para la Educación Superior y el Desarrollo (Fedesarrollo) es una entidad privada sin ánimo de lucro. Establecida en 1970, se dedica a la investigación en temas de política económica y social.

    Fedesarrollo

    Calle 78 Nº 9 -91, Bogotá - Colombia
    Tel (571) 325 9777, Fax (571) 325 9770
    https://www.fedesarrollo.org.co
    © 2017, Todos los derechos reservados

    Redes Sociales