TY - JOUR
T1 - Foreign trade, education, and innovative performance
T2 - A multilevel analysis
AU - Aysan, Ahmet Faruk
AU - Castillo-Téllez, Luis Carlos
AU - Demirbaş, Dilek
AU - Disli, Mustafa
N1 - Publisher Copyright:
© 2021 Bank Indonesia Institute. All Rights Reserved.
PY - 2021/9/30
Y1 - 2021/9/30
N2 - This study analyses the innovative performance of 5,273 companies across 64 different economic sectors and 32 different regions in Colombia. We assess the effects of education and open economy variables on the innovative performance of firms by analyzing firm, sectoral, and regional level determinants. The study takes the multilevel approach of the innovation process considering the structure and behavior of innovation systems in developing countries. We furthermore focus on technology transfer from foreign trade and the role of education in the process of innovation. We find that education and open economy variables have a significant relationship with innovation performance at the firm and regional levels. We finally conclude that Colombia has a fragmented innovation system with a weak institutional structure, and low interaction between policymakers, industry, universities, research centers.
AB - This study analyses the innovative performance of 5,273 companies across 64 different economic sectors and 32 different regions in Colombia. We assess the effects of education and open economy variables on the innovative performance of firms by analyzing firm, sectoral, and regional level determinants. The study takes the multilevel approach of the innovation process considering the structure and behavior of innovation systems in developing countries. We furthermore focus on technology transfer from foreign trade and the role of education in the process of innovation. We find that education and open economy variables have a significant relationship with innovation performance at the firm and regional levels. We finally conclude that Colombia has a fragmented innovation system with a weak institutional structure, and low interaction between policymakers, industry, universities, research centers.
KW - Development
KW - Innovation systems
KW - Innovative performance
KW - Multilevel approach
KW - Multilevel regression models
KW - Open economy variables
UR - http://www.scopus.com/inward/record.url?scp=85119335371&partnerID=8YFLogxK
U2 - 10.21098/bemp.v24i3.1543
DO - 10.21098/bemp.v24i3.1543
M3 - Article
AN - SCOPUS:85119335371
SN - 1410-8046
VL - 24
SP - 413
EP - 440
JO - Bulletin of Monetary Economics and Banking
JF - Bulletin of Monetary Economics and Banking
IS - 3
ER -