This paper aims at evaluating the impacts of innovation promotion programs administrated by the Colombian Innovation … and that the main channel behind this result is product diversification (product innovation). …

This paper aims at evaluating the impacts of innovation promotion programs administrated by the Colombian Innovation … and that the main channel behind this result is product diversification (product innovation). …

partially crowded-out private investments in innovation and they more effectively promoted technological upgrades and process …, although FONTEC increased the overall R&D budget of the firms, it did not stimulate additional private investment in innovation … activities. In terms of behavioral additionality, FONTEC effectively promoted process innovation and induced changes in the …