TY - JOUR
T1 - Innovation and productivity in the colombian service and manufacturing industries
AU - Gallego, Juan Miguel
AU - Gutiérrez, Luis H.
AU - Taborda, Rodrigo
N1 - Funding Information:
Public financial support
Funding Information:
A previous version of this article circulated as an Inter-American Development Bank (IDB) working paper (IDB-DP-287) under the title “Innovation and Productivity in the Colombian Service Industry.” The authors are thankful to Gustavo Crespi, Diego Aboal, Roberto Álvarez, Matteo Grazzi, and Fernando Vargas for their comments on the earlier versions of this manuscript. The authors also thank the participants of the 7th MEIDE (Micro Evidence on Innovation in Developing Economies) Conference in Santiago, Chile, and the research team of the project “Innovation and Productivity in the Service Sector,” funded by the IDB, CINVE, and IDRC. Thanks to María Angélica Samper Cortés (www.transcrear.com) for English proofreading and editing.
Funding Information:
The authors are grateful for the IDB’s financial support.
Publisher Copyright:
Copyright © Taylor & Francis Group, LLC.
Copyright:
Copyright 2015 Elsevier B.V., All rights reserved.
PY - 2015/1/1
Y1 - 2015/1/1
N2 - 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 - 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.
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U2 - 10.1080/1540496X.2015.1026698
DO - 10.1080/1540496X.2015.1026698
M3 - Article
AN - SCOPUS:84943427338
SN - 1540-496X
VL - 51
SP - 612
EP - 634
JO - Emerging Markets Finance and Trade
JF - Emerging Markets Finance and Trade
IS - 3
ER -