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Innovation System in Development: The Case of Peru

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  • Zuniga, Pluvia

    (UNU-MERIT, and OECD)

Abstract

Despite an exceptional economic performance achieved over the last decade, Peru still lags behind other middle-income Latin American economies in terms of per capita income and productivity. The Peruvian economy remains relatively undiversified, largely dependent on natural resources. The nationalinnovation system is under development, weakly integrated, and underfunded, with few incentives for its actors to engage in innovation activities and collaborate with others. This note summarises the current state of innovation in Peru and reviews the capacity of the innovation system to generate new competitive advantages in industry. It briefly discusses policies and policy gaps in research and innovation and benchmarks national innovation competences to other relevant economies, based on available indicators and surveys. Following a sequential approach, a strengthened policy agenda for innovation should tackle fundamental weaknesses of the innovation system and set the basis for its expansion and a better articulation. Examples of policy actions to improve research performance and business innovation are provided. The paper concludes with suggestions for reforming the innovation system and provides examples of policy actions.

Suggested Citation

  • Zuniga, Pluvia, 2016. "Innovation System in Development: The Case of Peru," MERIT Working Papers 2016-058, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
  • Handle: RePEc:unm:unumer:2016058
    as

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    File URL: https://www.merit.unu.edu/publications/wppdf/2016/wp2016-058.pdf
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    References listed on IDEAS

    as
    1. Christian Daude & Eduardo Fernandez-Arias, 2010. "On the Role of Productivity and Factor Accumulation in Economic Development in Latin America and the Caribbean," Research Department Publications 4653, Inter-American Development Bank, Research Department.
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    3. Wipo, 2014. "Global Innovation Index 2014," WIPO Economics & Statistics Series, World Intellectual Property Organization - Economics and Statistics Division, number 2014:gii, December.
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    5. Christian Daude, 2010. "Innovation, Productivity and Economic Development in Latin America and the Caribbean," OECD Development Centre Working Papers 288, OECD Publishing.
    6. Vera Tudela, Rafael, 2013. "Productividad en el Perú: evolución histórica y la tarea pendiente," Revista Moneda, Banco Central de Reserva del Perú, issue 153, pages 24-27.
    7. Rachel Griffith & Stephen Redding & John Van Reenen, 2003. "R&D and Absorptive Capacity: Theory and Empirical Evidence," Scandinavian Journal of Economics, Wiley Blackwell, vol. 105(1), pages 99-118, March.
    8. Mario D. Tello, 2015. "Firms' Innovation, Public Financial Support, and Total Factor Productivity: The Case of Manufactures in Peru," Review of Development Economics, Wiley Blackwell, vol. 19(2), pages 358-374, May.
    9. Susana Borrás & Jan Fagerberg & Charles Edquist, 2011. "Introduction to special issue on learning, innovation systems and policy in honour of Bengt-Åke Lundvall," Science and Public Policy, Oxford University Press, vol. 38(9), pages 666-668, November.
    10. Rodrik, Dani, 2001. "Development strategies for the next century," Sede de la CEPAL en Santiago (Estudios e Investigaciones) 33124, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    11. Philippe Aghion & Peter Howitt, 1997. "Endogenous Growth Theory," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262011662, February.
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    Cited by:

    1. World Bank, 2015. "Peru Building on Success," World Bank Publications - Reports 22984, The World Bank Group.

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    More about this item

    Keywords

    innovation system; development; Peru; emerging countries; innovation policy;
    All these keywords.

    JEL classification:

    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology
    • L52 - Industrial Organization - - Regulation and Industrial Policy - - - Industrial Policy; Sectoral Planning Methods
    • L60 - Industrial Organization - - Industry Studies: Manufacturing - - - General
    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • O57 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries

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