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Regional Integration in Latin America - The Pacific Alliance a Way Ahead
Journal Articles, Spanish

Effects of Innovation on Growth and Performance of SMEs in the Pacific Alliance –An Empirical Study

Abstract:
This paper analyses the effect of innovation activities on the growth and performance of MSMEs in the countries of the Pacific Alliance (PA)
. An empirical study with a sample of 386 companies from Chile, Colombia, Mexico and Peru was conducted. The methodology of multiple linear regressions by Ordinary Least Squares (OLS) was applied to verify the relationships observed. The results show that innovation in products, processes and management has a positive impact on the growth of employment and sales, also on profits. These results are particularly significant in PA’s countries and can help entrepreneurs, governments and academia to promote actions that encourage business innovation and competitiveness.

Resumen: 
Este trabajo analiza el efecto de la actividad innovadora sobre el crecimiento y el rendimiento de las Mipyme de los países de la Alianza del Pacífico (AP). Para ello se realizó un estudio empírico con una muestra de 386 empresas de Chile, Colombia, México y Perú. Para verificar las relaciones planteadas se utilizan regresiones lineales múltiples por mínimos cuadrados ordinarios (MCO). Los resultados muestran que la innovación en productos, en procesos y engestión impacta positivamente el crecimiento del empleo y las ventas, y así mismo a las utilidades. Estos resultados son especialmente relevantes para los países de la AP y pueden ayudar a los empresarios, a los gobiernos y a la academia para impulsar acciones que favorezcan la innovación de las empresas y su competitividad.

Authors: Domingo García-Pérez de Lema, Edgar Julián Gálvez-Albarracín and Gonzalo Maldonado-Guzmán
Spanish Title: Efecto de la innovación en el crecimiento y el desempeño de las Mipymes de la Alianza del Pacífico. Un estudio empírico
Full document:2016, García et al, Efecto de la Innovación en el Crecimiento y el Desempeño de las Mipymes de la Alianza del Pacífico- Un Estudio Empírico

March 10, 2016by Ana Maria Palacio

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Hello my name is Ana Maria Palacio. I have a PhD from the University of Melbourne. This blog is about my thesis project, the Pacific Alliance.

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