Explaining Differences in the Returns to R&D in Argentina

• Tác giả: Valeria Arza
• Ngôn ngữ: eng
• Ký hiệu phân loại: 016.98 Bibliographies and catalogs of works on specific subjects or in specific disciplines
• Thông tin xuất bản: Taylor and Francis, 2023
• Bộ sưu tập: Tài liệu truy cập mở
• ID: 302322
• Chủ đề: 1. ARGENTINA; 2. KNOWLEDGE CONTEXT; 3. MARKET CONTEXT; 4. PRODUCTIVITY; 5. R&D

Tóm tắt

 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.