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Measuring and Examining Innovation in Philippine Business and Industry

dc.contributor.authorJose Ramon G. Albert
dc.contributor.authorFrancis Mark A. Quimba
dc.contributor.authorRamonette B. Serafica
dc.contributor.authorGilberto M. Llanto
dc.contributor.authorJana Flor V. Vizmanos
dc.contributor.authorJose Carlos Alexis C. Bairan
dc.identifier.issn2508-0830 (electronic)
dc.description.abstractInnovation 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.
dc.publisherPhilippine Institute for Development Studies
dc.titleMeasuring and Examining Innovation in Philippine Business and Industry
dc.subject.expertDevelopment Financing
dc.subject.expertEconomic Development and Finance
dc.subject.expertFinancial Advisory Services
dc.subject.expertFinancial Assistance
dc.subject.expertFinancial Support
dc.subject.expertCredit Policy
dc.subject.expertCredit Cooperatives
dc.subject.expertIndustrial Credit
dc.subject.expertCommercial credit
dc.subject.expertCommerce and Industry
dc.subject.expertIntra-Industry Trade
dc.subject.expertLarge Scale Industry
dc.subject.adbSelf Financing
dc.subject.adbAid Financing
dc.subject.adbFinancial Aid
dc.subject.adbDevelopment Banks
dc.subject.adbProject Impact
dc.subject.adbExport Credit Financing
dc.subject.adbIndustrial Economics
dc.subject.adbIndustrial Development
dc.subject.adbIndustrial Policy
dc.subject.adbResearch and Development
dc.subject.naturalDevelopment Banks
dc.subject.naturalAsset allocation
dc.subject.naturalInvestment management
dc.subject.naturalCommercial documents
dc.subject.naturalCredit control
dc.subject.naturalCredit allocation
dc.subject.naturalCapital market
dc.subject.naturalDeveloping countries
dc.subject.naturalMarket share
dc.title.seriesResearch Paper Series
dc.title.volumeNo. 2018-02
dc.contributor.imprintPhilippine Institute for Development Studies
oar.themeSmall Medium Business
oar.adminregionSoutheast Asia Region
oar.authorAlbert, Jose Ramon G.
oar.authorQuimba, Francis Mark A.
oar.authorSerafica, Ramonette B.
oar.authorLlanto, Gilberto M.
oar.authorVizmanos, Jana Flor V.
oar.authorBairan, Jose Carlos Alexis C.

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