Evolutionary Dynamics of Industrial Policy in Chile (1990–2022): State Capacity and Innovation for Endogenous Development

Rodrigo Barra Novoa

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Abstract: The study examines the evolution of Chile’s industrial policy between 1990 and 2022 through the lens of state capacity, innovation, and endogenous development. In a global context where governments are reclaiming a proactive role in fostering innovation, Chile presents a paradox. It is a stable and open economy that has expanded investment in science, technology, and innovation but still faces structural barriers to turning that investment into sustainable capabilities. Drawing on the works of Mazzucato, Aghion, Howitt, Mokyr, Samuelson, and Sampedro, the research integrates evolutionary economics, public policy, and humanist ethics to assess Chile’s capacity for innovation-driven transformation. Using a longitudinal case study approach and official data, the study finds institutional progress but persistent coordination gaps, regional disparities, and a fragile culture of knowledge. It concludes that inclusive and sustainable innovation will require adaptive governance, long-term vision, and an ethical understanding of innovation as a public good.

Keywords: State capacity; Innovation; endogenous development; industrial policy; Chile; entrepreneurial state (search for similar items in EconPapers)
JEL-codes: E02 L52 O1 O25 O38 P42 (search for similar items in EconPapers)
Date: 2025
New Economics Papers: this item is included in nep-cse, nep-hme, nep-ino, nep-inv, nep-pke and nep-sbm
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:esprep:330597

DOI: 10.14293/PR2199.002225.v1

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