IDEAS home Printed from https://ideas.repec.org/a/umk/journl/v7y2015i2p85-119.html
   My bibliography  Save this article

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
    as

    Download full text from publisher

    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
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    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. 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).
    3. 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.

    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

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:umk:journl:v:7:y:2015:i:2:p:85-119. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Teoh Wern Jun (email available below). General contact details of provider: https://edirc.repec.org/data/feaummy.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.