RELATIONSHIP BETWEEN HUMAN CAPITAL AND INNOVATION IN THE INDUSTRIAL SECTOR

Abstract

Within the framework of objective 9 of sustainable development, it was postulated that innovation is one of the fundamental
engines of economic growth, in this context, the present study econometrically determined, the incidence of human capital on the
total number of innovations in methods, goods or services, for 101 Colombian companies in 2018. Taking the data from the
Industrial Technological Innovation and Development Survey, carried out by DANE; A simultaneous quantile regression model
was estimated, making a total of 20 repetitions, which allowed standard errors to be obtained by randomly resampling the data.
And after adding control variables, it was found that the hiring of personnel with doctorates, masters, specialization and
technologists to carry out ACTI 2018; The resources of other companies and the own resources invested in scientific, technological and innovation activities are significant variables in all quantiles and present a positive relationship with
the total number of innovations in methods, goods or services. While the number of undergraduates hired by the organization, who participated in carrying out ACTI, were significant in the 25th and 50th quantile and increased innovation in organizations. Finally, the number of cases in which high complexity was used in the design is a significant variable in the 25th and 75th quantiles and presents a positive relationship with the dependent variable.