Innovation, R-D Investment and Productivity in Colombia

"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...

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Detalles Bibliográficos
Autores Principales: Arbeláez, María A., Parra, Mónica
Otros Autores: Becerra, Alejandro
Publicado: 2015
Materias:
Acceso en línea:http://hdl.handle.net/11445/215
id ir-11445-215
recordtype dspace
spelling ir-11445-2152017-06-17T21:38:39Z Innovation, R-D Investment and Productivity in Colombia Arbeláez, María A. Parra, Mónica Becerra, Alejandro Innovaciones Productividad Desempeño Económico Productividad Factorial Modelo Tobit Generalizado Colombia "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." "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." C21 C31 C34 C35 L60 O31 O32 O14 O47 Innovation Productivity Economic Performance Total Factor Productivity Generalized Tobit Model Firm-Level Data 2015-12-10T12:22:22Z 2016-01-21T02:31:32Z 2017-04-17T21:49:14Z 2017-06-17T21:38:39Z 2015-12-10T12:22:22Z 2016-01-21T02:31:32Z 2017-04-17T21:49:14Z 2017-06-17T21:38:39Z 2009-11 http://hdl.handle.net/11445/215 application/pdf
institution Fedesarrollo
collection DSpace
topic Innovaciones
Productividad
Desempeño Económico
Productividad Factorial
Modelo Tobit Generalizado
Colombia
spellingShingle Innovaciones
Productividad
Desempeño Económico
Productividad Factorial
Modelo Tobit Generalizado
Colombia
Arbeláez, María A.
Parra, Mónica
Innovation, R-D Investment and Productivity in Colombia
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."
author2 Becerra, Alejandro
author_facet Becerra, Alejandro
Arbeláez, María A.
Parra, Mónica
author Arbeláez, María A.
Parra, Mónica
author_sort Arbeláez, María A.
title Innovation, R-D Investment and Productivity in Colombia
title_short Innovation, R-D Investment and Productivity in Colombia
title_full Innovation, R-D Investment and Productivity in Colombia
title_fullStr Innovation, R-D Investment and Productivity in Colombia
title_full_unstemmed Innovation, R-D Investment and Productivity in Colombia
title_sort innovation, r-d investment and productivity in colombia
publishDate 2015
url http://hdl.handle.net/11445/215
_version_ 1626720946201034752
score 10,510732