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dc.titleInnovation, R&D Investment and Productivity in Colombian Firms
dc.contributor.authorArbeláez, María Angélica
dc.contributor.authorParra Torrado, Mónica
dc.contributor.orgunitDepartment of Research and Chief Economist
dc.coverageColombia
dc.date.available2011-08-23T00:00:00
dc.date.issue2011-04-01T00:00:00
dc.description.abstractThis paper attempts to establish a formal relationship between innovation and productivity using Colombian firm-level data. It is found that the production of goods and services new to the firm and to the domestic market enhances firms' sales per worker, and innovation that results in introducing new goods and services to the international market boosts both sales and Total Factor Productivity (TFP). Innovation in processes likewise improves firms' productivity and sales. Finally, innovation in marketing and management increases sales per worker and enhances TFP when investment is made in Research and Development. The paper also studies the factors behind firms' decision to invest in innovation, the intensity of such investment and the returns to investment in innovation.
dc.format.extent52
dc.identifier.doihttp://dx.doi.org/10.18235/0011194
dc.identifier.urlhttps://publications.iadb.org/publications/english/document/Innovation-RD-Investment-and-Productivity-in-Colombian-Firms.pdf
dc.language.isoen
dc.mediumAdobe PDF
dc.publisherInter-American Development Bank
dc.subjectBusiness Development
dc.subjectProductivity
dc.subjectResearch and Development
dc.subject.jelcodeC21 - Cross-Sectional Models • Spatial Models • Treatment Effect Models • Quantile Regressions
dc.subject.jelcodeC31 - Cross-Sectional Models • Spatial Models • Treatment Effect Models • Quantile Regressions • Social Interaction Models
dc.subject.jelcodeC34 - Truncated and Censored Models • Switching Regression Models
dc.subject.jelcodeC35 - Discrete Regression and Qualitative Choice Models • Discrete Regressors • Proportions
dc.subject.jelcodeL60 - Industry Studies: Manufacturing: General
dc.subject.jelcodeO14 - Industrialization • Manufacturing and Service Industries • Choice of Technology
dc.subject.jelcodeO31 - Innovation and Invention: Processes and Incentives
dc.subject.jelcodeO32 - Management of Technological Innovation and R&D
dc.subject.jelcodeO47 - Empirical Studies of Economic Growth • Aggregate Productivity • Cross-Country Output Convergence
dc.subject.keywordsIDB-WP-251, Innovation, Productivity, Economic performance, Total factor productivity, Generalized Tobit model, Firm-level data, Colombia
dc.typeWorking Papers
idb.identifier.pubnumberWorking Papers
idb.operationRG-K1113
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