Suma de Negocios (Jul 2013)
Complementarity among innovation strategies: evidence from Colombia
Abstract
Using Innovation Survey Data from Colombia, we apply a new methodology to assess complementarity relationships among different innovative inputs. This approach allows scholars to prevent serious data drawbacks, such as the lack of proper performance measures and is also fairly general, allowing cross equations restrictions. Empirically, we found evidence for the absorptive capacity hypothesis and the key role played by ICT.