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Innovation and Technological Upgrading in Lahore: Business Confidence Survey Results

Strategic Insights

— 1 min read

A recent business confidence survey conducted by the Lahore School of Economics and the Lahore Chamber of Commerce and Industry (LCCI) has revealed significant trends in industry-specific innovation and technological upgrading in Lahore. The survey, conducted in 2016, aimed to determine firms' perceptions of macroeconomic trends and assess their level of innovation and technological upgrading. The findings suggest that firms in various sectors, including manufacturing, services, and retail, have made progress in innovation and technological upgrading. Additionally, the survey found a positive correlation between innovation and exports, indicating that firms that reported higher exports had innovated more.

Key Takeaways:

  • The Lahore School of Economics and LCCI conducted a business confidence survey in March 2015 to determine industry-specific trends and firms' perceptions of macroeconomic trends.
  • The survey was repeated in 2016, with a focus on innovation and technological upgrading, and a sample of firms was asked about their level of innovation and technological upgrading.
  • The research concluded that firms in various sectors have made progress in innovation and technological upgrading.
  • The survey found a positive correlation between innovation and exports, indicating that firms that reported higher exports had innovated more.
  • The study analyzed the levels of innovation and technological innovation in each sector (manufacturing, services, and retail).
  • Mahvish Faran and Azam Chaudhry were among the researchers who conducted the study.

Statistics:

  • 53% of firms in the manufacturing sector reported innovation in 2016 (Innovation and Technological Upgrading in Lahore: Results From the LCCI Business Confidence Survey 2016).
  • 42% of firms in the services sector reported innovation in 2016 (Innovation and Technological Upgrading in Lahore: Results From the LCCI Business Confidence Survey 2016).
  • The survey found that firms with higher exports had innovated more, suggesting a positive correlation between innovation and exports (Innovation and Technological Upgrading in Lahore: Results From the LCCI Business Confidence Survey 2016).
  • The Lahore Journal of Economics published the study in 2024 (Innovation and Technological Upgrading in Lahore: Results From the LCCI Business Confidence Survey 2016).

Sources:

  • Lahore Journal of Economics (2024) - "Innovation and Technological Upgrading in Lahore: Results From the LCCI Business Confidence Survey 2016."
  • NewsRx (2025) - "Study Findings on Technology Published by Researchers at Lahore School of Economics (Innovation and Technological Upgrading in Lahore: Results From the LCCI Business Confidence Survey 2016)." Journal of Engineering.

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