Innovation Dynamics and Productivity: Evidence for Latin America (original) (raw)
Related papers
2016
This paper is aimed at analyzing the impact of technological innovation on economic growth for twelve representative countries in Latin America during the period 1996-2008. To do this, a dynamic panel data model is developed and estimated with Generalized Method of Moments (GMM) system. The empirical evidence presented in this paper shows that the processes of technological innovation have a positive impact on economic growth in the region, suggesting that Latin American countries might achieve economic growth in a context of incentives for technological innovation. The article focuses on Latin American economies that account for most of the product in the region, and an analysis of dynamic panel data that allows a greater number of countries, of variables and periods is performed. The main finding is that investment in research, patents and exports of high-tech products are relevant to raise the total factor productivity and increase per capita GDP in most Latin American countries.
Innovation and Growth: A Survey of the Literature and a Case Study for Latin America
This paper analyzes the recent literature on innovation and its determinants from an institutional point of view. Innovation is a concept that has been defined by several authors as implementing new ideas, processes, mechanisms and methods that allow the generation and development of new ideas, products, services and organization architectures. However, it is shown that the government, the universities and the private sector must converge in order to encourage the coevolution process of innovation. This is analyzed theoretically.
Innovation and growth: evidence from Latin American countries
Journal of Applied Economics, 2019
This paper aims to analyze the relationship between innovation and per capita economic growth over the long-run for 12 Latin American countries for the period 1996-2015. This study uses six different indicators of innovation. Using Granger causality test, the study finds the presence of unidirectional and bidirectional causalities between innovation and per capita economic growth. These results vary. Latin America is a diverse region, depending upon the types of innovation indicators that we use in the empirical investigation process. It is important to note that all these innovation indicators are considerably linked with per capita economic growth.
The role of the National Innovation System in the growth of Latin American countries
In this paper we explore the role played by the National Innovation Systems of Latin American (LA) countries in their growth processes. This is done on comparative perspective to some East Asian Countries, which experienced a virtuous recent development process. We Explore the role of two main development strategies/trajectories, one based on the exploitation and export of natural resources and one based on the diversification of productive structures and exports. Though these constitute extreme stylized cases that are not necessarily mutually exclusive they show be be instructive for understanding the difernt patterns that can be observed in Latin American countries along the last decades. The results suggest that the relatively less positive economic performance of LA countries was partly due to the limited development of their NIS. While some countries of the region seem to fit into the picture of a "curse of natural resources", most present a growing relevance of these types of products, together with a relatively diversified productive structure, important efforts to sterghthen the NSI and social improvements. But they seem not to be able to completely escape a weaker version of the natural resources curse, which could easily become a middle income trap.
Procesos de Innovación Tecnológica y Crecimiento Económico en América Latina
Revista Mexicana de Economía y Finanzas, 2016
This paper is aimed at analyzing the impact of technological innovation on economic growth for twelve representative countries in Latin America during the period 1996-2008. To do this, a dynamic panel data model is developed and estimated with Generalized Method of Moments (GMM) system. The empirical evidence presented in this paper shows that the processes of technological innovation have a positive impact on economic growth in the region, suggesting that Latin American countries might achieve economic growth in a context of incentives for technological innovation. The article focuses on Latin American economies that account for most of the product in the region, and an analysis of dynamic panel data that allows a greater number of countries, of variables and periods is performed. The main finding is that investment in research, patents and exports of high-tech products are relevant to raise the total factor productivity and increase per capita GDP in most Latin American countries.
The role of the National Innovation System in the growth of Latin American countr
In this paper we explore the role played by the National Innovation Systems of Latin American (LA) countries in their growth processes. This is done on comparative perspective to some East Asian Countries, which experienced a virtuous recent development process. We Explore the role of two main development strategies/trajectories, one based on the exploitation and export of natural resources and one based on the diversification of productive structures and exports. Though these constitute extreme stylized cases that are not necessarily mutually exclusive they show be be instructive for understanding the difernt patterns that can be observed in Latin American countries along the last decades. The results suggest that the relatively less positive economic performance of LA countries was partly due to the limited development of their NIS. While some countries of the region seem to fit into the picture of a “curse of natural resources”, most present a growing relevance of these types of products, together with a relatively diversified productive structure, important efforts to sterghthen the NSI and social improvements. But they seem not to be able to completely escape a weaker version of the natural resources curse, which could easily become a middle income trap.
Firm Innovation and Productivity in Latin America and the Caribbean
2016
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Innovation for Productivity Growth in Ecuador
2017
Republic of Ecuador Improving firms' innovation to foster productivity and diversification Innovation for productivity growth in Ecuador: Unlocking constraints through horizontal and cluster development policies .