Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/89102
Authors: 
Arbelaez, Maria Angelica
Torrado, Monica Parra
Year of Publication: 
2011
Series/Report no.: 
IDB Working Paper Series IDB-WP-251
Abstract: 
This 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.
JEL: 
C21
C31
C34
C35
L60
O31
O32
O14
O47
Document Type: 
Working Paper

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