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dc.contributor.authorArbeláez, María A.spa
dc.contributor.authorParra, Mónicaspa
dc.contributor.otherBecerra, Alejandrospa
dc.date.accessioned2015-12-10T12:22:22Z
dc.date.accessioned2016-01-21T02:31:32Z
dc.date.accessioned2017-04-17T21:49:14Z
dc.date.accessioned2017-06-17T21:38:39Z
dc.date.available2015-12-10T12:22:22Z
dc.date.available2016-01-21T02:31:32Z
dc.date.available2017-04-17T21:49:14Z
dc.date.available2017-06-17T21:38:39Z
dc.date.issued2009-11
dc.identifier.urihttp://hdl.handle.net/11445/215
dc.description"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."en
dc.description.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."en
dc.subjectInnovacionesspa
dc.subjectProductividadspa
dc.subjectDesempeño Económicospa
dc.subjectProductividad Factorialspa
dc.subjectModelo Tobit Generalizadospa
dc.subjectColombiaspa
dc.titleInnovation, R-D Investment and Productivity in Colombiaen
dc.description.jelC21
dc.description.jelC31
dc.description.jelC34
dc.description.jelC35
dc.description.jelL60
dc.description.jelO31
dc.description.jelO32
dc.description.jelO14
dc.description.jelO47
dc.description.keywordsInnovationen
dc.description.keywordsProductivityen
dc.description.keywordsEconomic Performanceen
dc.description.keywordsTotal Factor Productivityen
dc.description.keywordsGeneralized Tobit Modelen
dc.description.keywordsFirm-Level Dataen


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