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Towards an efficient innovation policy in Latin America

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  • Maloney, William F.
  • Perry, Guillermo

Abstract

Innovation has emerged as a central theme on the growth agenda of Latin America. This paper examines four issues. First, how can we know if Latin America really has an innovation problem that is behind its weak total factor productivity performance? Second, what do we mean by innovation and what are dimensions of it in which the region exhibits weaknesses? Third, what does recent experience and literature suggest for principles and broad policy measures to foment innovation? Fourth, are there any linkages between these weaknesses and equity? Since even in the Organisation for Economic Cooperation and Development (OECD); there is little consensus on the specific policies that governments should implement, and even less on their suitability to developing countries, this paper attempts to organize thinking around some basic principles and offer suggestive experience rather than specific policy advice.

Suggested Citation

  • Maloney, William F. & Perry, Guillermo, 2005. "Towards an efficient innovation policy in Latin America," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), December.
    • Handle: RePEc:ecr:col070:11112
    Note: Includes bibliography
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    References listed on IDEAS

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    1. William F. Maloney, 2002. "Missed Opportunities: Innovation and Resource-Based Growth in Latin America," Economía Journal, The Latin American and Caribbean Economic Association - LACEA, vol. 0(Fall 2002), pages 111-168, August.
    2. Howitt, Peter & Mayer-Foulkes, David, 2005. "R&D, Implementation, and Stagnation: A Schumpeterian Theory of Convergence Clubs," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 37(1), pages 147-177, February.
    3. Blomström, Magnus & Kokko, Ari & Sjöholm, Fredrik, 2002. "Growth & Innovation Policies For a Knowledge Economy. Experiences From Finland, Sweden & Singapore," EIJS Working Paper Series 156, Stockholm School of Economics, The European Institute of Japanese Studies.
    4. Bosch, Mariano & Lederman, Daniel & Maloney, William F., 2005. "Patenting and research and development : a global view," Policy Research Working Paper Series 3739, The World Bank.
    5. Carsten Fink & Keith E. Maskus, 2005. "Intellectual Property and Development : Lessons from Recent Economic Research," World Bank Publications - Books, The World Bank Group, number 7443, December.
    6. William Maloney & Andrés Rodríguez‐Clare, 2007. "Innovation Shortfalls," Review of Development Economics, Wiley Blackwell, vol. 11(4), pages 665-684, November.
    7. Hausmann, Ricardo & Rodrik, Dani, 2003. "Economic development as self-discovery," Journal of Development Economics, Elsevier, vol. 72(2), pages 603-633, December.
    8. William Maloney & Andrés Rodríguez-Clare, 2007. "Innovation Shortfalls," Review of Development Economics, Wiley Blackwell, vol. 11(4), pages 665-684, November.
    9. David de Ferranti & Guillermo E. Perry & Daniel Lederman & William E. Maloney, 2002. "From Natural Resources to the Knowledge Economy : Trade and Job Quality," World Bank Publications - Books, The World Bank Group, number 14040, December.
    10. David De Ferranti & Guillermo E. Perry & Indermit Gill & J. Luis Guasch & William F. Maloney & Carolina Sanchez-Paramo & Norbert Schady, 2003. "Closing the Gap in Education and Technology," World Bank Publications - Books, The World Bank Group, number 15168, December.
    11. Diego Comin, 2004. "R&D: A Small Contribution to Productivity Growth," Journal of Economic Growth, Springer, vol. 9(4), pages 391-421, December.
    12. Claude Ménard (ed.), 2000. "Institutions, Contracts and Organizations," Books, Edward Elgar Publishing, number 1921.
    13. Cohen, Wesley M & Levinthal, Daniel A, 1989. "Innovation and Learning: The Two Faces of R&D," Economic Journal, Royal Economic Society, vol. 99(397), pages 569-596, September.
    14. Chen, Derek H. C. & Dahlman, Carl J., 2004. "Knowledge and development : a cross-section approach," Policy Research Working Paper Series 3366, The World Bank.
    15. Bergoeing, Raphael & Repetto, Andrea & Edwards, Sebastian, 2004. "Productivity dynamics," Journal of Development Economics, Elsevier, vol. 75(2), pages 329-332, December.
    16. Guillermo Perry, 2003. "Closing the Gap in Education and Technology," World Bank Publications - Reports 10384, The World Bank Group.
    17. Keith E. Maskus, 2000. "Intellectual Property Rights in the Global Economy," Peterson Institute Press: All Books, Peterson Institute for International Economics, number 99, October.
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    Cited by:

    1. Alexandre MINDA (LEREPS-GRES), 2008. "The strategies of multilatinas: from the quest for regional leadership to the myth of the global corporation \r\n," Cahiers du GRES (2002-2009) 2008-08, Groupement de Recherches Economiques et Sociales.
    2. Marcela Meléndez Arjona & Guillermo Perry, 2009. "Industrial policies in Colombia," Working Papers Series. Documentos de Trabajo 9138, Fedesarrollo.
    3. Machinea, José Luis & Vera, Cecilia, 2005. "Trade, Direct Investment and Production Policies," IDB Publications (Working Papers) 3691, Inter-American Development Bank.
    4. Perry, Guillermo & Meléndez Arjona, Marcela, 2010. "Industrial Policies in Colombia," IDB Publications (Working Papers) 1808, Inter-American Development Bank.
    5. Marcela Eslava & Marcela Meléndez & Guillermo Perry, 2013. "Public-Private Collaboration for Productive Development Policies in Colombia," Documentos CEDE 11889, Universidad de los Andes, Facultad de Economía, CEDE.

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