COMPLEMENTARITY AMONG INNOVATION STRATEGIES: EVIDENCE FROM COLOMBIA

Resumen

Using Innovation Survey Data from Colombia, we apply a new methodology to assess complementarity
relationships among different innovative inputs. This approach allows scholars to prevent
serious data drawbacks, such as the lack of proper performance measures and is also fairly general,
allowing cross equations restrictions. Empirically, we found evidence for the absorptive capacity
hypothesis and the key role played by ICT.