Innovation and productivity in the colombian service and manufacturing industries

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Abstract

Copyright © Taylor & Francis Group, LLC.The knowledge of the innovation-productivity relationship in Latin America, and particularly in the Colombian service sector, is scant. In this study, we explore such relationship comparing the Colombian service industry with manufacturing. Following the Crépon-Duguet-Mairesse empirical approach, the four major findings are as follows: Indeed, Colombian service firms undertake (technological and nontechnological) innovation processes. Regardless of the industry, the probability of innovation increases when there is investment in research and development (R&D) labs and firms are large. The more intensive innovation investment is, the higher the probability of innovation implementation. Finally, labor productivity is enhanced after the introduction of innovations.
Original languageEnglish (US)
Pages (from-to)612-634
Number of pages23
JournalEmerging Markets Finance and Trade
DOIs
StatePublished - Jan 1 2015

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Innovation
Manufacturing industries
Service industries
Productivity
Service sector
Labour productivity
Industry
Service firms
Latin America
Manufacturing
Innovation implementation
Innovation process

Cite this

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title = "Innovation and productivity in the colombian service and manufacturing industries",
abstract = "Copyright {\circledC} Taylor & Francis Group, LLC.The knowledge of the innovation-productivity relationship in Latin America, and particularly in the Colombian service sector, is scant. In this study, we explore such relationship comparing the Colombian service industry with manufacturing. Following the Cr{\'e}pon-Duguet-Mairesse empirical approach, the four major findings are as follows: Indeed, Colombian service firms undertake (technological and nontechnological) innovation processes. Regardless of the industry, the probability of innovation increases when there is investment in research and development (R&D) labs and firms are large. The more intensive innovation investment is, the higher the probability of innovation implementation. Finally, labor productivity is enhanced after the introduction of innovations.",
author = "Gallego, {Juan Miguel} and Guti{\'e}rrez, {Luis H.} and Rodrigo Taborda",
year = "2015",
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doi = "10.1080/1540496X.2015.1026698",
language = "English (US)",
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journal = "Emerging Markets Finance and Trade",
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AU - Gallego, Juan Miguel

AU - Gutiérrez, Luis H.

AU - Taborda, Rodrigo

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N2 - Copyright © Taylor & Francis Group, LLC.The knowledge of the innovation-productivity relationship in Latin America, and particularly in the Colombian service sector, is scant. In this study, we explore such relationship comparing the Colombian service industry with manufacturing. Following the Crépon-Duguet-Mairesse empirical approach, the four major findings are as follows: Indeed, Colombian service firms undertake (technological and nontechnological) innovation processes. Regardless of the industry, the probability of innovation increases when there is investment in research and development (R&D) labs and firms are large. The more intensive innovation investment is, the higher the probability of innovation implementation. Finally, labor productivity is enhanced after the introduction of innovations.

AB - Copyright © Taylor & Francis Group, LLC.The knowledge of the innovation-productivity relationship in Latin America, and particularly in the Colombian service sector, is scant. In this study, we explore such relationship comparing the Colombian service industry with manufacturing. Following the Crépon-Duguet-Mairesse empirical approach, the four major findings are as follows: Indeed, Colombian service firms undertake (technological and nontechnological) innovation processes. Regardless of the industry, the probability of innovation increases when there is investment in research and development (R&D) labs and firms are large. The more intensive innovation investment is, the higher the probability of innovation implementation. Finally, labor productivity is enhanced after the introduction of innovations.

U2 - 10.1080/1540496X.2015.1026698

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JO - Emerging Markets Finance and Trade

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