This paper analyzes Chilean research and development (R&D) policy. To do so, it describes the institutions responsible for policy design and implementation as well as those which conduct R&D. In addition, it addresses the R&D policy and the instruments used to carry it out. The analysis is based on market failures justifying State intervention in R&D. The policy instruments used in Chile respond broadly speaking to market failures in R&D. Where there is a greater deficit is at the institutional level as there are many institutions, which are in no way interrelated, that are responsible for defining and conducting the science and technology policy.
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Article provided by University of Chile, Department of Economics in its journal Estudios de Economia.
Volume (Year): 22 (1995) Issue (Month): 2 Year 1995 (December) Pages: 207-242 Download reference. The following formats are available: HTML
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