INVESTIGADORES
ARZA Valeria
artículos
Título:
Explaining differences in the returns to R&D in Argentina: the role of contextual factors
Autor/es:
ARZA, VALERIA; CIRERA, XAVIER; LÓPEZ, EMANUEL; COLONNA, AGUSTINA
Revista:
Economics of Innovation and New Technology
Editorial:
Routledge
Referencias:
Lugar: London; Año: 2022
ISSN:
1043-8599
Resumen:
Argentinean firms investments in R&D are well below its regional peers. One potential explanation for this fact is the existence of low and heterogeneous returns for these investments. This paper uses novel microdata to estimate the returns to R&D and analyse the role of contextual factors in shaping its heterogeneity. The findings confirm that returns are indeed heterogeneous and depend on some important factors related to the market context, such as measures of uncertainty; and the knowledge context, such as knowledge spillovers. Acknowledging that heterogeneity of returns depends on firms context is crucial for designing innovation policies to boost private R&D returns.
