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Explaining Differences in the Returns to R&D in Argentina: The Role of Contextual Factors and Complementarities

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dc.contributor.authorArza, Valeria
dc.contributor.authorCirera, Xavier
dc.contributor.authorColonna, Agustina
dc.contributor.authorLopez, Emanuel
dc.date.accessioned2020-04-30T15:52:09Z
dc.date.available2020-04-30T15:52:09Z
dc.date.issued2020-04
dc.description.abstractArgentina's private investment in research and development is well below that of its peers. One important reason may be low and very heterogeneous returns to research and development activities on productivity. This paper uses novel microdata to estimate the returns to research and development and understand the contextual factors that shape their heterogeneity. The paper groups these context-based factors into knowledge complementary factors (that is, factors that affect the returns via learning capabilities from external sources of knowledge) and market complementary factors (factors that act via business capabilities to appropriate the returns to research and development investments). The paper hypothesizes that the effects of contextual factors depend on firms' management capabilities and attitudes (innovative capacity), which determine firms' ability to benefit from the context. The findings suggest that the returns are indeed heterogeneous across regions and sectors, and these results depend on some context-based factors, which can boost or depress the returns to R&D. The results have important policy implications, considering the effectiveness of innovation policies, need for adapting to specific regions and sectors, and maximization of the impact of these factors on the returns to research and development.en
dc.identifierhttp://documents.worldbank.org/curated/en/875751587646359023/Explaining-Differences-in-the-Returns-to-R-D-in-Argentina-The-Role-of-Contextual-Factors-and-Complementarities
dc.identifier.doi10.1596/1813-9450-9219
dc.identifier.urihttps://hdl.handle.net/10986/33666
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper;No. 9219
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectINTERNATIONAL STANDARD INDUSTRIAL CLASSIFICATION
dc.subjectRESEARCH AND DEVELOPMENT
dc.subjectRATE OF RETURN
dc.subjectR&D
dc.subjectPRODUCTIVITY
dc.subjectCOMPLEMENTARY FACTORS
dc.subjectRETURNS TO RESEARCH AND DEVELOPMENT
dc.subjectMANAGEMENT CAPABILITY
dc.subjectINNOVATIVE CAPACITY
dc.titleExplaining Differences in the Returns to R&D in Argentinaen
dc.title.subtitleThe Role of Contextual Factors and Complementaritiesen
dc.typeWorking Paperen
dc.typeDocument de travailfr
dc.typeDocumento de trabajoes
dspace.entity.typePublication
okr.crossref.titleExplaining Differences in the Returns to R&D in Argentina: The Role of Contextual Factors and Complementarities
okr.date.disclosure2020-04-23
okr.doctypePublications & Research
okr.doctypePublications & Research::Policy Research Working Paper
okr.docurlhttp://documents.worldbank.org/curated/en/875751587646359023/Explaining-Differences-in-the-Returns-to-R-D-in-Argentina-The-Role-of-Contextual-Factors-and-Complementarities
okr.guid875751587646359023
okr.identifier.doi10.1596/1813-9450-9219
okr.identifier.externaldocumentum090224b08786568f_1_0
okr.identifier.internaldocumentum31975088
okr.identifier.reportWPS9219
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/875751587646359023/pdf/Explaining-Differences-in-the-Returns-to-R-D-in-Argentina-The-Role-of-Contextual-Factors-and-Complementarities.pdfen
okr.region.administrativeLatin America and Caribbean
okr.region.countryArgentina
okr.statistics.combined1437
okr.statistics.dr875751587646359023
okr.statistics.drstats982
okr.topicPrivate Sector Development::Organizational Management
okr.topicPrivate Sector Development::Private Sector Economics
okr.topicScience and Technology Development::Innovation
okr.topicScience and Technology Development::Research and Development
okr.unitFinance, Competitiveness and Innovation Global Practice
relation.isAuthorOfPublication1469d4fc-9b48-551e-9926-c916e7ec9725
relation.isAuthorOfPublication.latestForDiscovery1469d4fc-9b48-551e-9926-c916e7ec9725
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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