FOREIGN TRADE, EDUCATION, AND INNOVATIVE PERFORMANCE: A MULTILEVEL ANALYSIS

Authors

Ahmet Faruk Aysan, Hamad Bin Khalifa University, QatarFollow
Luis Carlos Castillo-Téllez, Istanbul University, TurkeyFollow
Dilek Demirbaş, Istanbul University, TurkeyFollow
Mustafa Disli, Hamad Bin Khalifa University, QatarFollow

Document Type

Article

Abstract

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.

Recommended Citation

Aysan, Ahmet Faruk; Castillo-Téllez, Luis Carlos; Demirbaş, Dilek; and Disli, Mustafa (2021) "FOREIGN TRADE, EDUCATION, AND INNOVATIVE PERFORMANCE: A MULTILEVEL ANALYSIS," Bulletin of Monetary Economics and Banking: Vol. 24: No. 3, Article 5.
DOI: https://doi.org/10.21098/bemp.v24i3.1543
Available at: https://bulletin.bmeb-bi.org/bmeb/vol24/iss3/5

First Page

413

Last Page

440

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License

Country

Qatar

Affiliation

Hamad Bin Khalifa University