Centro de Investigaciones Económicas - CINVE

Publications
  • Innovation and Productivity in Services: An impact evaluation of Colciencias funding programs in Colombia

    Marcela Umaña-Aponte, Fernando Estupiñan, Cristian Duque

    10/2013

    Abstract Globalization and the transition of economies and societies towards a system based on knowledge and information have intensified competition and interdependence among countries. We present an impact evaluation of funding programs, designed to promote innovation activities in the Colombian service sector. The incorporation of two novel panel data at firm level allows to control for unobserved heterogeneity. Results indicate that there may be a significant impact in terms of labour productivity for small companies and KIBS and of gross margins for large companies. This is especially true for projects…

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  • Quantitative Analysis Component: On the Determinants of Innovation in Services and its Linkages with Productivity

    Mario D. Tello

    10/2013

    Introduction “Analysis of services sector and innovation activities taken separately are scanty for Peruvian economy and taken together not existent. The average share of real value added of the services sector out of GDP in Peru in the last decade has been about 40% (Banco Central de Reserva Del Peru, 2012) and the estimated employment share out of total occupied economic active population (OEAP) about 32%, wherein 77% of this employment comes from the informal sector.Most of the work on the services sector has been oriented to the analysis of…

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  • Case Study Analysis for Chile Innovation in Services * Short Version

    Roberto Alvarez, Claudio Bravo, Andrés Zahler, Leonardo Muñoz

    10/2013

        Introduction “The service sector is increasingly important in Latin America, accounting currently for more than 60 percent of the continent’s GDP (IADB, 2012). However, despite its size, services is the sector with the largest productivity gap with respect to the technological frontier, namely the US (IADB, 2010). On the other hand there is vast evidence that innovation activities have extremely high social returns in developing economies, making it possible to transform these activities in a powerful engine of economic growth. Thus, boosting innovation in services seems to be central…

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  • Impact Evaluation of Innovation Programs in the Chilean Services Sector

    Roberto Alvarez, Claudio Bravo, Andrés Zahler

    10/2013

    Abstract This paper evaluates the impact of overall participation in innovation public programs on the performance of firms in the services industry. Using information from four innovation surveys carried out between 2005 and 2011, we find that that these programs have not been associated with improvements in innovation performance neither have contributed to alleviate financial constraints. Our findings hold across industries and firm size and also to the utilization of alternatives methodologies. However, there is some evidence of positive effects in some variables and for some industries in particular. Our…

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  • Biotechnology services in Latin America by small and medium enterprises A study of Argentina, Brazil, Chile and Uruguay

    Jorge Niosi, Tomas Gabriel Bas

    10/2013

    Executive summary This paper is about a specific type of Knowledge Intensive Business Services (KIBS), namely R&D services in biotechnology, and their growth in four Latin American countries: Argentina, Brazil, Chile and Uruguay. Like other emerging and developing countries, the four countries in the Southern Cone are slowly adopting biotechnology. Well over a hundred dedicated biotechnology firms are already providing services in the region, from R&D to bioinformatics, to gene identification and stem cell databank storage services.  We interviewed some 23 firms in the region, as well as a few…

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  • Private Equity and Asset Characteristics: The Case of Agricultural Production

    08/2013

    Mondelli, M and P. Klein Managerial and Decision Economics, forthcoming Descarga/Download Unlike most other mature industries, the agricultural production sector is domi-nated by family firms, partnerships, and cooperatives, with few corporations and limited access to capital derived from a source other than retained earnings and existing owners. However, use of external equity capital in agriculture has in-creased dramatically since 1990. This funding source allows farms to exploit en-trepreneurial opportunities not easily financed by debt. Following Williamson (1988), we view debt and equity as alternative governance structures and argue that transaction…

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