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    Measuring and Examining Innovation in Philippine Business and Industry

    Albert, Jose Ramon G.; Quimba, Francis Mark A.; Serafica, Ramonette B.; Llanto, Gilberto M.; Vizmanos, Jana Flor V.; Bairan, Jose Carlos Alexis C. | June 2018
    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, as well as allows a better understanding of its relation to economic growth. Further, examining determinants and bottlenecks to innovation among firms provides inputs to mainstreaming of policies on innovation. In this paper, results of the 2015 Survey of Innovation Activities (SIA), conducted by the Philippine Institute for Development Studies (PIDS), are described and discussed. Survey results suggest that less than half of the firms in the country were innovators, with larger-sized firms innovating more than the micro, small, and medium establishments (MSMEs). The most common innovative behaviour among firms was process innovation. Effects of innovation were observed to be largely customer-driven. Firms identified cost factors as the most important barrier to innovation. Knowledge and cooperation networks for innovation need strengthening. Government support and its role on innovation was also limited. Firms hardly accessed technical assistance from the government and research institutions. Similarly, firms have limited cooperation with the academe in terms of innovation activities. Firms cooperated more internally with establishments within their enterprise, their customers, and suppliers for their innovation activities. Given these issues, the 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 regarding public programs available to assist firms to pursue innovation. Networking, linkages, and collaboration among the government, industry associations, and universities and research institutions also require further enhancement.
    Citation
    Albert, Jose Ramon G.; Quimba, Francis Mark A.; Serafica, Ramonette B.; Llanto, Gilberto M.; Vizmanos, Jana Flor V.; Bairan, Jose Carlos Alexis C.. 2018. Measuring and Examining Innovation in Philippine Business and Industry. © Philippine Institute for Development Studies. http://hdl.handle.net/11540/8714.
    ISSN
    1908-3297
    2508-0830 (electronic)
    Keywords
    Cofinancing
    Development Financing
    Economic Development and Finance
    Finance
    Financial Advisory Services
    Financial Assistance
    Financial Support
    Credit Policy
    Credit Cooperatives
    Industrial Credit
    Commercial credit
    Commerce and Industry
    Intra-Industry Trade
    Large Scale Industry
    Labor
    ADB
    Self Financing
    Aid Financing
    Financial Aid
    Development Banks
    Project Impact
    Export Credit Financing
    Industrialization
    Industrial Economics
    Industrial Development
    Industrial Policy
    Research and Development
    Development Banks
    Asset allocation
    Investment management
    Commercial documents
    Credit control
    Credit allocation
    Capital market
    Developing countries
    Market share
    Labor
    Innovation
    Show allCollapse
    Citable URI
    http://hdl.handle.net/11540/8714
    Metadata
    Show full item record
    Thumbnail
    pidsrp1802.pdf (18.18Mb)
    Author
    Albert, Jose Ramon G.
    Quimba, Francis Mark A.
    Serafica, Ramonette B.
    Llanto, Gilberto M.
    Vizmanos, Jana Flor V.
    Bairan, Jose Carlos Alexis C.
    Theme
    Finance
    Industry
    Small Medium Business
     
    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise
    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise