Saved in:
| Main Author: | |
|---|---|
| Format: | Artículo científico |
| Language: | en |
| Published: |
Universidad de Concepción
2022
|
| Subjects: | |
| Online Access: | https://www.redalyc.org/articulo.oa?id=560869828002 https://www.redalyc.org/journal/5608/560869828002/ https://www.redalyc.org/journal/5608/560869828002/html/ https://www.redalyc.org/journal/5608/560869828002/560869828002.epub https://www.redalyc.org/journal/5608/560869828002/movil |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
Table of Contents:
- The Relationship between Innovation and Economic Growth: Evidence from Chile and Mexico Carolina Zayas-Márquez Luis Alfredo Ávila-López Administración y Contabilidad Chile México Innovation economic growth Purpose: This paper analyzes the causal relationship between innovation and long-term per capita economic growth in Chile and Mexico for the period 1996-2015.Design/methodology: This study uses six innovation indicators, were assessed using Granger`s test of causality: number of patents filed by resident and non-residents, spending on research and development (R&D), R&D activities, high tech exports and scientific and technical articles.Results: The study found evidence of one-way and two-way causality between innovation and per capita economic growth. Both countries face the challenge of improving the environment to attract enough FDI (foreign direct investment).Implications: Latin America is a diverse region. According to the 2017 Global Innovation Index, Chile ranked nº 46 while Mexico ranked nº 58, the two countries generally ranked as the most innovative in Latin America.Originality/value: It is important to note that all these innovation indicators are strongly related to per capita economic growth.Limitations / Implications: Politicians and academics interested in this topic should know that the two-way relationship between innovation and per capita economic growth does not necessarily reflect the whole situation.Practical implications: More variables such as education and policy continuity should be studied to improve estimates. 2022 artículo científico 0719-6245 https://www.redalyc.org/articulo.oa?id=560869828002 https://www.redalyc.org/journal/5608/560869828002/ https://www.redalyc.org/journal/5608/560869828002/html/ https://www.redalyc.org/journal/5608/560869828002/560869828002.epub https://www.redalyc.org/journal/5608/560869828002/movil en http://www.redalyc.org/revista.oa?id=5608 Revista Academia & Negocios application/pdf Universidad de Concepción Revista Academia & Negocios (Chile) Num.1 Vol.8