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Revista de Economía Institucional

Print version ISSN 0124-5996


LAMBARDI, Germán Daniel  and  MORA, Jhon James. Determinants of innovation in products or processes: the Colombian case. Rev.econ.inst. [online]. 2014, vol.16, n.31, pp.251-262. ISSN 0124-5996.

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 TechnologicalInnovation. The results indicate that there is a strong connectionbetween innovation in products and processes.

Keywords : product innovation; innovation in processes; bivariateprobit.

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