Measuring and Examining Innovation in Philippine Business and Industry

Gilberto M. Llanto, Ramonette Serafica, Jose Ramon Albert, Francis Mark Quimba, Jana Flor V. Vizmanos and Jose Carlos Alexis C. Bairan

No DP 2017-28, Discussion Papers from Philippine Institute for Development Studies

Abstract: Innovation involves implementing new or significantly improved goods and services, production processes, marketing, or organizational methods for adding value. The measurement of innovation provides a mechanism for benchmarking national performance, and for examining innovation and its relation to economic growth. Further, examining determinants and bottlenecks to innovation among firms provides inputs to mainstreaming of policies on innovation.This paper describes and discusses the results of the 2015 Survey of Innovation Activities, conducted by the Philippine Institute for Development Studies. Survey results suggest that less than half of the firms in the country are innovators, with larger-sized firms innovating more than micro, small, and medium establishments. Government needs to have a champion for developing stronger policies and interventions to support and encourage innovation. It is also important to improve information dissemination on public programs available to assist firms in innovating. Networking, linkages, and collaboration among the government, industry associations, and universities and research institutions also require further enhancement.

Keywords: Philippines; micro; small; and medium enterprises; innovation; process innovation; product innovation; organizational innovation; marketing innovation; MSMEs (search for similar items in EconPapers)
Date: 2017
New Economics Papers: this item is included in nep-cse, nep-ino, nep-sbm and nep-sea
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

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Related works:
Working Paper: Measuring and Examining Innovation in Philippine Business and Industry (2018)
Working Paper: Measuring and Examining Innovation in Philippine Business and Industry (2018)
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