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Innovation and Productivity in the Colombian Service and Manufacturing Industries

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  • Juan Miguel Gallego
  • Luis H. Gutiérrez
  • Rodrigo Taborda

Abstract

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.

Suggested Citation

  • Juan Miguel Gallego & Luis H. Gutiérrez & Rodrigo Taborda, 2015. "Innovation and Productivity in the Colombian Service and Manufacturing Industries," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 51(3), pages 612-634, May.
    • Handle: RePEc:mes:emfitr:v:51:y:2015:i:3:p:612-634
    DOI: 10.1080/1540496X.2015.1026698
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    Cited by:

    1. Crespi, G. & Tacsir, E. & Vargas, F., 2014. "Innovation and productivity in services: Empirical evidence from Latin America," MERIT Working Papers 2014-069, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
    2. Lin, Chia-Ling & Lin, Hui-Lin & Lin, Eric S., 2016. "Is There A Complementary Relationship Between Product And Process Innovation On Productivity In Taiwanese Manufacturing Firms?," Hitotsubashi Journal of Economics, Hitotsubashi University, vol. 57(2), pages 139-173, December.
    3. Vargas, F. & Guillard, Charlotte & Salazar, Monica & Crespi, G.A., 2022. "Harmonized Latin American innovation Surveys Database (LAIS)," MERIT Working Papers 2022-020, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).

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