IDEAS home Printed from https://ideas.repec.org/p/oec/ecoaaa/454-en.html
   My bibliography  Save this paper

Fostering Innovation in Chile

Author

Listed:
  • José-Miguel Benavente
  • Luiz de Mello
  • Nanno Mulder

Abstract

A good framework for investment in innovation can contribute to increasing Chile’s growth potential. Spending on R&D is currently low in relation to GDP and heavily reliant on government financing. Innovation activity in the business sector is also limited by insufficient seed and venture capital and human capital constraints. This is despite several favourable framework conditions, including a stable macro-economy, liberal foreign trade and investment regimes, and reasonably pro-competition regulations in product markets. The government intends to increase public spending on R&D, to be financed by revenue from the mining tax introduced in May 2005, and to create a National Innovation Council. The effectiveness of these measures will depend largely on the extent to which they will boost business-financed innovation consistent with Chile’s comparative advantages. This Working Paper relates to the 2005 OECD Economic Survey of Chile (www.oecd.org/eco/surveys/chile). Encourager l'innovation au Chili Un bon cadre pour l'investissement en innovation peut contribuer à augmenter le potentiel de croissance du Chili. La dépense en R&D par rapport au PIB est actuellement basse et financée principalement par l’État. L'activité d'innovation dans le secteur privé est également limitée par l'insuffisance du capital risque, des capitaux de démarrage et du capital humain. C'est en dépit de plusieurs conditions générales favorables, y compris un environnement macroéconomique stable, un régime commercial et d'investissement libéral et des régulations favorables à la concurrence sur des marchés de biens. Le gouvernement prévoit d'augmenter les dépenses publiques en R&D, financées par le revenu d’une nouvelle taxe minière introduite en mai 2005, et de créer un Conseil national d'innovation. L'efficacité de ces mesures dépendra en grande partie s'ils encouragent l’innovation financée par les entreprises sur la base des avantages comparatifs du Chili. Ce Document de travail se rapporte à l'Étude économique de l'OCDE du Chili, 2005 (www.oecd.org/eco/etudes/chili).

Suggested Citation

  • José-Miguel Benavente & Luiz de Mello & Nanno Mulder, 2005. "Fostering Innovation in Chile," OECD Economics Department Working Papers 454, OECD Publishing.
    • Handle: RePEc:oec:ecoaaa:454-en
    DOI: 10.1787/835465402444
    as

    Download full text from publisher

    File URL: https://doi.org/10.1787/835465402444
    Download Restriction: no
    File URL: https://libkey.io/10.1787/835465402444?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Francesco Bogliacino & Giulio Perani & Mario Pianta & Stefano Supino, 2010. "Innovation and Development. The Evidence from Innovation Surveys," Working Papers of BETA 2010-13, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
    2. World Bank, 2007. "Building Knowledge Economies : Advanced Strategies for Development," World Bank Publications - Books, The World Bank Group, number 6853.
    3. Ebert, Laura & La Menza, Tania, 2015. "Chile, copper and resource revenue: A holistic approach to assessing commodity dependence," Resources Policy, Elsevier, vol. 43(C), pages 101-111.

    More about this item

    Keywords

    Chile; Chili; innovation policy; politique d'innovation; recherche-développement; research and development;
    All these keywords.

    JEL classification:

    • I20 - Health, Education, and Welfare - - Education - - - General
    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General
    • O54 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Latin America; Caribbean

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:oec:ecoaaa:454-en. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: the person in charge (email available below). General contact details of provider: https://edirc.repec.org/data/edoecfr.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.