Innovation Behavior of Salvadoran Food & Beverage Industry Firms
Elías Humberto Peraza Castaneda () and
Revista Finanzas y Politica Economica, 2021, vol. 13, issue 2, 439-472
This paper presents a quantitative analysis of the external and internal determinants that affect the innovation dynamics of a low-tech sector in a less developed economy; the food & beverage (F&B) industry in El Salvador. The empirical framework relies on a multivariate probit analysis applied to data from El Salvadorâ€™s First National Innovation Survey 2013. The results show that R&D activities, use of industrial protection by F&B industry firms as well as relationships between firms and knowledge agents are useful for technological innovations while the qualifications of firmsâ€™ workforce and the relationships between firms and value chain agents prove useful for non-technological innovations. In addition, firms can take advantage of their size and location in the department of San Salvador to promote product innovation, whereas firmsâ€™ maturity is seen to be a disadvantage. Based on the results to emerge, the role that public science, technology and innovation (STI) policies as well as STI business strategies can play in the Salvadoran agri-food industry innovation system is seen to be huge.
Keywords: Sectorial innovation system; Food & beverage industry; El salvador; Multivariate probit model; Innovation determinants (search for similar items in EconPapers)
JEL-codes: L66 O32 O38 O54 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:col:000443:019742
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