Product Innovation, Research and Development and Technology Acquisition: A Case Study of the Industrial Sector in Colombia

Authors

  • Alvaro Turriago-Hoyos Universidad de La Sabana
  • Ulf Thoene Universidad de La Sabana
  • Bernal Torres Universidad de La Sabana
  • Edgar Alfonso-Lizarazo Universidad de La Sabana

Keywords:

Colombian Industry, Determinants of Innovation, Product Innovation, Research and Development, Technology Acquisition

Abstract

There has been a steady increase in the number of studies investigating the determinants of product innovation in the industrial sectors of emerging economies. This research analyses the relationship between Research and Development (R&D) activities and technology acquisition on the one hand, and product innovation in the industrial sector in Colombia on the other with respect to frm size and high-tech and low-tech frms. We used data from the Colombian National Administrative Department of Statistics for the period 2003 to 2012. The results show that both R&D activities and technology acquisition foster product innovation but the former has a stronger impact. Small and low-tech firms rely more on co-operation agreements while large high-tech firms depend on their formal R&D infrastructure. Based on these findings, key industrial policy implications are discussed

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Published

2017-07-12

How to Cite

Turriago-Hoyos, A., Thoene, U., Torres, B., & Alfonso-Lizarazo, E. (2017). Product Innovation, Research and Development and Technology Acquisition: A Case Study of the Industrial Sector in Colombia. Institutions and Economies, 7(2), 85–119. Retrieved from https://samudera.um.edu.my/index.php/ijie/article/view/5010

Issue

Volume 7, Issue 2 (2015)

Section

Articles

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