Services and Innovation for the Competitiveness of the Ecuadorian Economy Rubalcaba, Luis Gago, David Ariano, Maria Tripathi, Arvind 2016-08-09T21:26:25Z 2016-08-09T21:26:25Z 2016-07
dc.description.abstract Ecuador is one of the least diversified countries in Latin America and the Caribbean, depending heavily on oil and agriculture. This policy paper examines how services and innovation can play a role in transforming the Ecuadorian economy from one based on natural resources to one based on knowledge and services. The paper assesses the performance of the services sector and its contribution to other sectors. The paper shows that services make a significant contribution to the country's economic growth (albeit below the average for the region). However, the services sector in Ecuador performs poorly in productivity and trade competitiveness. Further, services do not add enough value for export providers and users over time. The deficit in the integration of business services, especially knowledge-intensive business services, is particularly high, affecting the competiveness of all sectors and their value chains. Among the drivers of productivity and competitiveness, innovation is the key quality and differentiation factor (as distinguished from price-related, regulatory, and competition factors). Innovation in Ecuadorian services firms does not significantly affect performance (for example, sales and exports), although innovation in manufacturing does improve the performance of manufacturing firms. Finally, the paper provides some conclusions and meaningful crosscutting policy recommendations for a services-related policy aimed at fostering competitiveness and innovation. Services need action in innovation policy (innovation programs could be better adapted to services innovation specificities), but also in areas such as coordination at the institutional level; internationalization and foreign direct investment; and quality, regulatory, and competition issues affecting the investment climate. en
dc.language English
dc.language.iso en_US
dc.publisher World Bank, Washington, DC
dc.relation.ispartofseries Policy Research Working Paper;No. 7767
dc.rights CC BY 3.0 IGO
dc.rights.holder World Bank
dc.subject services
dc.subject innovation
dc.subject competitiveness
dc.subject trade
dc.subject investment climate
dc.title Services and Innovation for the Competitiveness of the Ecuadorian Economy en
dc.type Working Paper en
dc.type Document de travail fr
dc.type Documento de trabajo es
dspace.entity.type Publication
okr.crossref.title Services and Innovation for the Competitiveness of the Ecuadorian Economy 2016-07-25
okr.doctype Publications & Research
okr.doctype Publications & Research :: Policy Research Working Paper
okr.identifier.doi 10.1596/1813-9450-7767
okr.identifier.externaldocumentum 090224b0844905fe_3_0
okr.identifier.internaldocumentum 26597565 WPS7767
okr.imported true
okr.language.supported en
okr.pdfurl en
okr.region.administrative Latin America & Caribbean Ecuador
okr.topic International Economics and Trade :: Export Competitiveness
okr.topic International Economics and Trade :: Foreign Direct Investment
okr.topic International Economics and Trade :: Trade and Services
okr.topic Macroeconomics and Economic Growth :: Economic Growth
okr.topic Macroeconomics and Economic Growth :: Investment and Investment Climate
okr.unit Trade and Competitiveness Global Practice Group
relation.isSeriesOfPublication 26e071dc-b0bf-409c-b982-df2970295c87
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