Innovation, R&D Investment and Productivity in Chile

Roberto Alvarez, Claudio Bravo Ortega and Lucas Navarro
Authors registered in the RePEc Author Service: Claudio Bravo-Ortega

No 3721, IDB Publications (Working Papers) from Inter-American Development Bank

Abstract: This paper uses two sources of information and different methodologies to analyze the causal effect of product and process innovation on productivity in the Chilean manufacturing industry during the past decade. In general, the evidence suggests there is not a contemporaneous effect of product innovation on productivity, but there is a positive effect of process innovation. This not significant effect of product innovation contrasts with evidence of studies for other countries. However, the results show the presence of lagged effects product innovation on productivity two years after innovation. Compared with the case of developed countries, this evidence might be consistent with a very slow process of -learning by doing- on the part of Chilean firms with regard to mastering new technologies. These slow and frequently uncertain gains in productivity could help to explain the low levels of investment in research and development (R and D) activities by Chilean firms.

Keywords: technological innovations; industrial productivity; industrial research; R&D; Chile; Productivity; Innovation (search for similar items in EconPapers)
JEL-codes: D22 D24 D92 (search for similar items in EconPapers)
Date: 2010-10
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Working Paper: Innovation, R&D Investment and Productivity in Chile (2010)
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Persistent link: https://EconPapers.repec.org/RePEc:idb:brikps:3721

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