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Effects of Expenditures in Science, Technology and R&D on Technical Change in Countries in Latin America and the Caribbean

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  • Alexander Cotte Poveda
  • Carolina Jimenez

Abstract

This research analyzes the effects of expenditures in science, technology and research and development (R&D) on technical change in countries with a high human development index in Latin America. We argue that with higher investments in science, technology and R&D, the productivity of Latin American countries should increase, thereby offering several advantages for the population. Moreover, we investigated the factors that determine the relationship between economic growth and development and technical change. In this study, we use a technological change model to determine the factors that influence the productivity conditions of every Latin American country analyzed. The findings show that the expenditures in science, technology, R&D and patents have a positive influence on the technological change of those countries.

Suggested Citation

  • Alexander Cotte Poveda & Carolina Jimenez, 2019. "Effects of Expenditures in Science, Technology and R&D on Technical Change in Countries in Latin America and the Caribbean," Serie de Documentos en Economía y Violencia 17593, Centro de Investigaciones en Violencia, Instituciones y Desarrollo Económico (VIDE).
    • Handle: RePEc:col:000137:017593
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    File URL: https://link.springer.com/chapter/10.1007/978-3-030-13578-2_7
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    Cited by:

    1. Clara Inés Pardo Martínez & Alexander Cotte Poveda, 2022. "The effects of environmental performance on competitiveness and innovation: a stochastic frontier approach for Colombia," Environment Systems and Decisions, Springer, vol. 42(1), pages 51-62, March.

    More about this item

    JEL classification:

    • O3 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O34 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Intellectual Property and Intellectual Capital
    • O38 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Government Policy

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