Template-type: ReDif-Paper 1.0
Author-Name: Vargas, Fernando
Title: How do firms innovate in Latin America?
Abstract: The study of innovation in Latin American firms has concentrated almost<br/>exclusively on the determinants and impacts of innovation investments<br/>and outputs. Less attention has been paid to how firms innovate. This<br/>study applies factor and cluster analysis to a unique dataset of<br/>harmonized innovation surveys from Argentina, Chile, Colombia, Ecuador,<br/>El Salvador, Paraguay, Peru, and Uruguay, to identify the main<br/>innovation practices and strategies performed by Latin American firms.<br/>Three of the four identified innovation strategies can be linked to<br/>results from similar studies using European firm-level data. However,<br/>none of these strategies resembles a strong science or research<br/>orientation. An approach to "open management" innovation emerges as<br/>idiosyncratic for Latin American firms. These innovation strategies are<br/>associated with differences in sales growth and labor productivity. The<br/>analysis also shows that firm resources and capabilities drive<br/>innovation strategy selection.
Classification-JEL: l20,o12,o14,o30,o32,o33,o54
Series: UNU-MERIT Working Papers
Creation-Date: 20220523
Number: 2022-018
File-URL: https://cris.maastrichtuniversity.nl/ws/files/106571181/wp2022_018.pdf
File-Format: application/pdf
File-Size: 1119153
Handle: Repec:unm:unumer:2022018
DOI: