Determinants of Innovation in Products and Processes: The Colombian Case [Determinantes de la innovación en productos o procesos: El caso colombiano]

This paper empirically analyzes the determinants of innovative decisions of Colombian manufacturing firms. In particular, it explores the possibility of some degree of dependence between innovation in products and processes. It estimates a bivariate probit model using data from the second Survey of Development and Technological Innovation. The results indicate that there is a strong connection between innovation in products and processes. © 2014, Universidad Externado de Colombia. All rights reserved.

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