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• W852623613 abstract "Globally, R&D is recognized as an important driver of economic and social progress. In 2013, the Dominican Republic invested only 0.3% of GDP (Gross Domestic Product) in R&D expenditure, which is a level of investment equivalent to half the Latin American average. The globalization process has allowed many corporations to internationalize their value chain including R&D activities, which represents an extraordinary opportunity for a developing country as the Dominican Republic to attract FDI (Foreign Direct Investment) as a way to increase innovation process related to R&D activities. This research project investigates whether R&D expenses have an effect on the profit, revenue, and productivity for companies of high-tech healthcare products in the Dominican Republic, and why some of these companies do not invest more in R&D inside the country. The research adopted a mixed methods approach by using quantitative research (survey and content analysis) and qualitative research (interviews). The results suggest that companies surveyed concentrate their main R&D programs outside the country due to lack in quality and the capacity through government or academic institutes to engage in complex R&D activities required by these firms. As a result, the companies surveyed only perform process innovation and product testing in their manufacturing facilities. Also, cooperation among (company-university-government) in the innovation system has become ineffective. In this sense, it is necessary a strong effort from all stakeholders involved in innovation policy to lift the quality and magnitude of R&D spending in the Dominican Republic, as a way to increase nation’s competitiveness and innovation." @default.
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• W852623613 date "2015-01-01" @default.
• W852623613 modified "2023-09-26" @default.
• W852623613 title "Measuring and Promoting (R&D) Expenditure in Manufacturing Companies of High-Tech Healthcare Products in the Dominican Republic" @default.
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