The Role of Research and Innovation in Promoting Productivity in Chile

Jose Miguel Benavente

Working Papers from University of Chile, Department of Economics

Abstract: This paper continues the empirical research line started by Crepon et al. (1998) about the impact of research and development on innovation and innovation on productivity of firms. In this paper we estimate a structural model using Asymptotic Least Squares (ALS) which corrects for selectivity and simultaneity biases taking in consideration the particular characteristics of the available data. We find that most of the Schumpeterian hypotheses are confirmed: research and innovative activities are related with firm size and market power. However, in the case of Chile, firms productivity is not affected by innovative results nor by research expenditures in the short run.

Keywords: R&D; innovation; productivity; Asymptotic Least Squares; structural estimation and censored data. (search for similar items in EconPapers)
JEL-codes: C13 O32 (search for similar items in EconPapers)
Date: 2002-11
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Journal Article: The role of research and innovation in promoting productivity in chile (2006)
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Persistent link: http://EconPapers.repec.org/RePEc:udc:wpaper:wp200

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