Productivity and Innovation in Small and Medium Enterprises
DOI:
https://doi.org/10.18046/j.estger.2019.150.2909Keywords:
R&D, Productivivity, SME, MexicoAbstract
Innovation is a key component of the competitive advantages of enterprises. The purpose of this paper is to test whether investment in innovation affects the productivity of small and medium-sized enterprises. The innovation-competitiveness relationship was studied in a large sample of companies in Mexico. A regression analysis was applied in two stages to avoid inconsistent estimators. First, the determinants of innovation were established, and then the impact of innovation on productivity was estimated. A positive link was found between innovation and productivity in various manufacturing and non-manufacturing sectors. The calculated impact of innovation on productivity is equivalent to the effect of investment in computer equipment.
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