Human Capital, Innovation and Productivity in Colombian Enterprises: A Structural Approach using Instrumental Variables

Gallego Acevedo, Juan Miguel; Ramírez, Simón; Tamayo, Mery

doi:https://doi.org/10.48713/10336_45561

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Human Capital, Innovation and Productivity in Colombian Enterprises: A Structural Approach using Instrumental Variables

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dc.creator	Gallego Acevedo, Juan Miguel	spa
dc.creator	Ramírez, Simón	spa
dc.creator	Tamayo, Mery	spa
dc.date.accessioned	2025-06-05T20:20:22Z
dc.date.available	2025-06-05T20:20:22Z
dc.date.created	2019-01-01	spa
dc.date.issued	2019-01-01	spa
dc.description	In this paper we explore the R&D-innovation-productivity linkage for the Colombian manufacturing industry, paying special attention to the role of human capital. Using data from two firm-level surveys such as the Survey of Development and Technological Innovation (EDIT) and the Annual Manufacturing Survey, we extended the model of Crepon, Duget and Mairesse (hereafter CDM) due to Crepon et al. [1998] by including human capital at the investment decision stage. We implement an instrumental variable methodology to correct the potential endogeneity that may arise when including human capital into the model. Our results suggest that human capital has a causal effect on the research and development (R&D) investment decisions and the innovation behavior of the firm and, finally increasing the labor productivity of the rm. The conclusions of our work highlight the relevance of human capital in the CDM-type of literature and contrast with the relative little importance that this variable has received in this kind of models.	spa
dc.format.extent	27 pp	spa
dc.format.mimetype	application/pdf	spa
dc.identifier.doi	https://doi.org/10.48713/10336_45561
dc.identifier.uri	https://repository.urosario.edu.co/handle/10336/45561
dc.language.iso	eng	spa
dc.publisher	Universidad del Rosario	spa
dc.publisher	Alianza EFI	spa
dc.publisher.department	Facultad de Economía	spa
dc.rights	Attribution-NonCommercial-NoDerivatives 4.0 International	spa
dc.rights.accesRights	info:eu-repo/semantics/openAccess	spa
dc.rights.acceso	Abierto (Texto Completo)	spa
dc.rights.uri	http://creativecommons.org/licenses/by-nc-sa/4.0/	spa
dc.source.instname	instname:Universidad del Rosario	spa
dc.source.reponame	reponame:Repositorio Institucional EdocUR	spa
dc.subject.keyword	Innovation	eng
dc.subject.keyword	Productivity	eng
dc.subject.keyword	Human Capital	eng
dc.title	Human Capital, Innovation and Productivity in Colombian Enterprises: A Structural Approach using Instrumental Variables	spa
dc.type	workingPaper	spa
dc.type.hasVersion	info:eu-repo/semantics/publishedVersion	spa
dc.type.spa	Documento de trabajo	spa
local.department.report	Facultad de Economía