Abstract

BAYONA VELASQUEZ, Etna Mercedes; ERAZO ORTIZ, Dayanna Sharonne  and  MARTINEZ GONZALEZ, Eduard Fernando. INNOVATION IN THE COLOMBIAN MANUFACTURING INDUSTRY 2013-2014. Dimens.empres. [online]. 2018, vol.16, n.1, pp.15-28. ISSN 1692-8563.  https://doi.org/10.15665/dem.v16i1.1300.

The aim of this document is to determine whether public instruments (subsidies and tax deductions) applied by Colombian Government during the period 2013-2014, contributed to create innovations (output additionality effect) or they just stimulated the absorption of innovations in the domestic or international market by firms in the manufacturing sector. For this purpose, the author employed a sample of 2057 companies from Encuesta de Desarrollo e Innovación Tecnológica (EDIT VII) for estimating a negative binomial regression model. The fitted model evidences a positives relation between receiving tax incentives and innovating in goods and services for the international market. Likewise, receiving subsidies has a positive correlation regarding to innovate in the company. Finally, although the relation between the variables is not causal, the firms that receive subsidies, they achieve to absorb innovations in process, organizational methods related to goods and services in the domestic and international market. Furthermore, the companies that made use of tax incentives, they achieved a successfully position of their goods and services in the international market.

Keywords : Innovation; Subsidies; Fiscal Incentives.

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