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Towards an efficient innovation policy in Latin America

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  • Perry, Guillermo
  • Maloney, William F.

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

  • Perry, Guillermo & Maloney, William F., 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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    File URL: http://repositorio.cepal.org/handle/11362/11112
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    References listed on IDEAS

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    1. William Maloney & Andrés Rodríguez-Clare, 2007. "Innovation Shortfalls," Review of Development Economics, Wiley Blackwell, vol. 11(4), pages 665-684, November.
    2. 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, The World Bank, number 15168.
    3. William F. Maloney, 2002. "Missed Opportunities: Innovation and Resource-Based Growth in Latin America," ECONOMIA JOURNAL, THE LATIN AMERICAN AND CARIBBEAN ECONOMIC ASSOCIATION - LACEA, vol. 0(Fall 2002), pages 111-168, August.
    4. Diego Comin, 2004. "R&D: A Small Contribution to Productivity Growth," Journal of Economic Growth, Springer, vol. 9(4), pages 391-421, December.
    5. 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.
    6. Hausmann, Ricardo & Rodrik, Dani, 2003. "Economic development as self-discovery," Journal of Development Economics, Elsevier, vol. 72(2), pages 603-633, December.
    7. 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.
    8. 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.
    9. Chen, Derek H. C. & Dahlman, Carl J., 2004. "Knowledge and development : a cross-section approach," Policy Research Working Paper Series 3366, The World Bank.
    10. Bergoeing, Raphael & Repetto, Andrea & Edwards, Sebastian, 2004. "Productivity dynamics," Journal of Development Economics, Elsevier, vol. 75(2), pages 329-332, December.
    11. Guillermo Perry, 2003. "Closing the Gap in Education and Technology," World Bank Other Operational Studies 10384, The World Bank.
    12. Keith E. Maskus, 2000. "Intellectual Property Rights in the Global Economy," Peterson Institute Press: All Books, Peterson Institute for International Economics, number 99.
    13. Carsten Fink & Keith E. Maskus, 2005. "Intellectual Property and Development : Lessons from Recent Economic Research," World Bank Publications, The World Bank, number 7443.
    14. William Maloney & Andrés Rodríguez-Clare, 2007. "Innovation Shortfalls," Review of Development Economics, Wiley Blackwell, vol. 11(4), pages 665-684, November.
    15. 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, The World Bank, number 14040.
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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 009138, FEDESARROLLO.
    3. Carlos Ludena, 2010. "Agricultural Productivity Growth, Efficiency Change and Technical Progress in Latin America and the Caribbean," Research Department Publications 4675, Inter-American Development Bank, Research Department.

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