Private Return to R&D Activities in Chile
Using a panel data of innovative Chilean firms, we obtain a private return for R&D expenditure over 30 percent during this decade. Despite the fact of being almost twice the return obtained for physical capital, results show that R&D expenditure causes contemporaneous negative impacts over firms profits suggesting that a learning process is in place. Nevertheless, after two years, the net effect is positive and may explain why private participation in research activities is still very low in Chile.
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| Language: | English |
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Inter-American Development Bank
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| Subjects: | Information and Communication Technology, Research and Development, O30 - Innovation • Research and Development • Technological Change • Intellectual Property Rights: General, L60 - Industry Studies: Manufacturing: General, |
| Online Access: | http://dx.doi.org/10.18235/0001830 https://publications.iadb.org/en/private-return-rd-activities-chile |
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