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

Author

Listed:
  • Alvaro Turriago-Hoyos

    (International School of Economic and Administrative Sciences, Universidad de La Sabana, Colombia)

  • Ulf Thoene

    (International School of Economic and Administrative Sciences, Universidad de La Sabana, Colombia)

  • Cesar Bernal-Torres

    (International School of Economic and Administrative Sciences, Universidad de La Sabana, Colombia)

  • Edgar AlfonsoLizarazo

    (Faculty of Engineering, Universidad de La Sabana, Colombia)

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 firm size and high-tech and low-tech firms. 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.

Suggested Citation

  • Alvaro Turriago-Hoyos & Ulf Thoene & Cesar Bernal-Torres & Edgar AlfonsoLizarazo, 2015. "Product Innovation, Research and Development and Technology Acquisition: A Case Study of the Industrial Sector in Colombia," Institutions and Economies (formerly known as International Journal of Institutions and Economies), Faculty of Economics and Administration, University of Malaya, vol. 7(2), pages 85-119, July.
    • Handle: RePEc:umk:journl:v:7:y:2015:i:2:p:85-119
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    File URL: http://ijie.um.edu.my/filebank/published_article/10298/Product%20Innovation,%20Research%20and%20Development%20and%20Technology%20Acquisition%20-%20A%20Case%20Study%20of%20the%20Industrial%20Sector%20in%20Colombia.pdf
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    Citations

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    Cited by:

    1. Natalia G. Vovchenko & Olga B. Ivanova & Elena D. Kostoglodova & Marina O. Otrishko & Olga S. Dzhu, 2016. "Innovations and Fighting Global Economic Problems," Contemporary Economics, University of Economics and Human Sciences in Warsaw., vol. 10(4), December.
    2. Irina V. Gashenko & Svetlana G. Vokina & Dmitry G. Romanov & Tatiana L. Bezrukova & Yuri А. Kozenko, 2016. "Theoretical and Methodological Aspects of Innovation Development in Modern Economic Systems," Contemporary Economics, University of Economics and Human Sciences in Warsaw., vol. 10(4), December.
    3. Demirbag, Mehmet & Apaydin, Marina & Sahadev, Sunil, 2021. "Micro-foundational dimensions of firm internationalisation as determinants of knowledge management strategy: A case for global strategic partnerships," Technological Forecasting and Social Change, Elsevier, vol. 165(C).

    More about this item

    Keywords

    Colombian Industry; Determinants of Innovation; Product Innovation; Research and Development; Technology Acquisition.;
    All these keywords.

    JEL classification:

    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance
    • L60 - Industrial Organization - - Industry Studies: Manufacturing - - - General
    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • O54 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Latin America; Caribbean

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