Technological Innovation and Economic Growth in Latin America
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| Format: | Artículo científico |
| Langue: | en |
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Instituto Mexicano de Ejecutivos de Finanzas A.C.
2016
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| _version_ | 1876441639956774912 |
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| author | Alí Aali Bujari |
| author_facet | Alí Aali Bujari |
| contents | Technological Innovation and Economic Growth in Latin America Alí Aali Bujari Francisco Venegas Martínez Economía y Finanzas Economic Growth Dynamic Panel Data Technological Innovation Process This paper is aimed at analyzing the impact of technological innovation on economic growth for twelve representative countries in Latin America during the period 1996-2008. To do this, a dynamic panel data model is developed and estimated with GeneralizedMethod of Moments (GMM) system. The empirical evidence presented in this paper shows that the processes of technological innovation have a positive impact on economic growth in the region, suggesting that Latin American countries might achieve economic growth in a context of incentives for technological innovation. The article focuses on Latin American economies that account for most of the product in the region, and an analysis of dynamic panel data that allows a greater number of countries, of variables and periods is performed. The main finding is that investment in research, patents and exports of high-tech products are relevant to raise the total factor productivity and increase per capita GDP in most Latin American countries. 2016 artículo científico 1665-5346 https://www.redalyc.org/articulo.oa?id=423746532005 https://www.redalyc.org/journal/4237/423746532005/ https://www.redalyc.org/journal/4237/423746532005/html/ https://www.redalyc.org/journal/4237/423746532005/423746532005.epub https://www.redalyc.org/journal/4237/423746532005/movil en http://www.redalyc.org/revista.oa?id=4237 Revista Mexicana de Economía y Finanzas. Nueva Época / Mexican Journal of Economics and Finance application/pdf Instituto Mexicano de Ejecutivos de Finanzas A.C. Revista Mexicana de Economía y Finanzas. Nueva Época / Mexican Journal of Economics and Finance (México) Num.2 Vol.11 |
| format | Artículo científico |
| id | redalyc_423746532005 |
| institution | Redalyc |
| language | en |
| publishDate | 2016 |
| publisher | Instituto Mexicano de Ejecutivos de Finanzas A.C. |
| spellingShingle | Technological Innovation and Economic Growth in Latin America Alí Aali Bujari Economía y Finanzas Economic Growth Dynamic Panel Data Technological Innovation Process Technological Innovation and Economic Growth in Latin America Alí Aali Bujari Francisco Venegas Martínez Economía y Finanzas Economic Growth Dynamic Panel Data Technological Innovation Process This paper is aimed at analyzing the impact of technological innovation on economic growth for twelve representative countries in Latin America during the period 1996-2008. To do this, a dynamic panel data model is developed and estimated with GeneralizedMethod of Moments (GMM) system. The empirical evidence presented in this paper shows that the processes of technological innovation have a positive impact on economic growth in the region, suggesting that Latin American countries might achieve economic growth in a context of incentives for technological innovation. The article focuses on Latin American economies that account for most of the product in the region, and an analysis of dynamic panel data that allows a greater number of countries, of variables and periods is performed. The main finding is that investment in research, patents and exports of high-tech products are relevant to raise the total factor productivity and increase per capita GDP in most Latin American countries. 2016 artículo científico 1665-5346 https://www.redalyc.org/articulo.oa?id=423746532005 https://www.redalyc.org/journal/4237/423746532005/ https://www.redalyc.org/journal/4237/423746532005/html/ https://www.redalyc.org/journal/4237/423746532005/423746532005.epub https://www.redalyc.org/journal/4237/423746532005/movil en http://www.redalyc.org/revista.oa?id=4237 Revista Mexicana de Economía y Finanzas. Nueva Época / Mexican Journal of Economics and Finance application/pdf Instituto Mexicano de Ejecutivos de Finanzas A.C. Revista Mexicana de Economía y Finanzas. Nueva Época / Mexican Journal of Economics and Finance (México) Num.2 Vol.11 |
| title | Technological Innovation and Economic Growth in Latin America |
| topic | Economía y Finanzas Economic Growth Dynamic Panel Data Technological Innovation Process |
| url | https://www.redalyc.org/articulo.oa?id=423746532005 https://www.redalyc.org/journal/4237/423746532005/ https://www.redalyc.org/journal/4237/423746532005/html/ https://www.redalyc.org/journal/4237/423746532005/423746532005.epub https://www.redalyc.org/journal/4237/423746532005/movil |