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The Economics of IP in the context of a Middle Income Country


  • Jose Miguel Benavente
  • Daniel Goya


This essay looks at innovation and intellectual property rights from the perspective of a small middle-income country. Characterized by an open economy, and based on natural resources, Chile has an incipient level of technological capabilities aiming at reaching sustainable growth and development by adding value to natural resources through innovation. In contrast to other economies that deeply rely on natural resources, Chile as other middle income countries have, has achieved a moderate level of advanced human capital formation and infrastructure stock, but surprisingly has some world class exporting industries such as copper, wine and salmon.

Suggested Citation

  • Jose Miguel Benavente & Daniel Goya, 2012. "The Economics of IP in the context of a Middle Income Country," Working Papers wp350, University of Chile, Department of Economics.
  • Handle: RePEc:udc:wpaper:wp350

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    References listed on IDEAS

    1. Nancy Gallini & Suzanne Scotchmer, 2002. "Intellectual Property: When Is It the Best Incentive System?," NBER Chapters,in: Innovation Policy and the Economy, Volume 2, pages 51-78 National Bureau of Economic Research, Inc.
    2. repec:adr:anecst:y:1998:i:49-50:p:12 is not listed on IDEAS
    3. Donja Darai & Jens Grosser & Nadja Trhal, 2009. "Patents versus Subsidies � A Laboratory Experiment," SOI - Working Papers 0905, Socioeconomic Institute - University of Zurich.
    4. José Miguel Benavente & Gustavo Crespi & Alessandro Maffioli, 2007. "The Impact of National Research Funds: An Evaluation of the Chilean FONDECYT," IDB Publications (Working Papers) 3016, Inter-American Development Bank.
    5. Arundel, Anthony & Kabla, Isabelle, 1998. "What percentage of innovations are patented? empirical estimates for European firms," Research Policy, Elsevier, vol. 27(2), pages 127-141, June.
    6. Duysters, Geert & Vanhaverbeke, Wim & Beerkens, Bonnie & Gilsing, Victor, 2007. "Exploration and Exploitation in Technology-based Alliance Networks," MERIT Working Papers 020, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
    7. José Miguel Benavente & Gustavo Crespi & Alessandro Maffioli, 2007. "Public Support to Firm-Level Innovation: An Evaluation of the FONTEC Program," OVE Working Papers 0507, Inter-American Development Bank, Office of Evaluation and Oversight (OVE).
    8. Boldrin,Michele & Levine,David K., 2010. "Against Intellectual Monopoly," Cambridge Books, Cambridge University Press, number 9780521127264, March.
    9. William J. Baumol, 2013. "The Microtheory of Innovative Entrepreneurship," Journal of Economic Sociology, National Research University Higher School of Economics, vol. 14(3), pages 96-108.
    10. repec:adr:anecst:y:1998:i:49-50:p:11 is not listed on IDEAS
    11. Arundel, Anthony, 2001. "The relative effectiveness of patents and secrecy for appropriation," Research Policy, Elsevier, vol. 30(4), pages 611-624, April.
    12. James Bessen & Eric Maskin, 2009. "Sequential innovation, patents, and imitation," RAND Journal of Economics, RAND Corporation, vol. 40(4), pages 611-635.
    13. Boldrin,Michele & Levine,David K., 2010. "Against Intellectual Monopoly," Cambridge Books, Cambridge University Press, number 9780521127264, November.
    14. Justman, Moshe & Teubal, Morris, 1986. "Innovation policy in an open economy: A normative framework for strategic and tactical issues," Research Policy, Elsevier, vol. 15(3), pages 121-138, June.
    15. Emmanuel Duguet & Isabelle Kabla, 1998. "Appropriation Strategy and the Motivations to Use the Patent System: An Econometric Analysis at the Firm Level in French Manufacturing," Annals of Economics and Statistics, GENES, issue 49-50, pages 289-327.
    16. Blind, Knut & Edler, Jakob & Frietsch, Rainer & Schmoch, Ulrich, 2006. "Motives to patent: Empirical evidence from Germany," Research Policy, Elsevier, vol. 35(5), pages 655-672, June.
    17. José Miguel Benavente, 2005. "Investigación y desarrollo, innovación y productividad: un análisis econométrico a nivel de la firma," Estudios de Economia, University of Chile, Department of Economics, vol. 32(1 Year 20), pages 39-67, June.
    18. Wright, Brian Davern, 1983. "The Economics of Invention Incentives: Patents, Prizes, and Research Contracts," American Economic Review, American Economic Association, vol. 73(4), pages 691-707, September.
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    Cited by:

    1. Goya, Daniel, 2014. "Política industrial: Qué es, por qué es necesaria, y su pasado, presente y futuro en Chile
      [Industrial policy: What is it, why it is necessary, and its past, present and future in Chile]
      ," MPRA Paper 64881, University Library of Munich, Germany.

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