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Managing Innovation to Increase Manufacturing Productivity
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Orientador(es)
Resumo(s)
Technological progress is a key factor for economic
growth. However, innovation requires attention from
management and decision making at the various stages of the
innovation process. Manufacturing, being a major producer of
tradables, is a driver of technological change. In this paper we
test the impact of innovation and other determinants on
manufacturing productivity for 2015-2019, using panel data for
1,333 Portuguese firms. We estimate a model linking Total
Factor Productivity growth to innovation, by technological
groups and regions. Results suggest that innovation is a driver of
productivity, although its magnitude is small. By contrast,
Information and Communication Technology appears to exert a
negative effect on productivity growth, especially in scaleintensive industries. A possible explanation is that the Portuguese
workforce in such industries does not have enough skills to deal
with up-to-date ICT. This appears to be corroborated by the
positive impact of human capital accumulation on the TFP
growth only in the Northern region.
Descrição
Palavras-chave
Innovation Management, Information and Communication Technology, Roductivity, Manufacturing