TY - JOUR
T1 - Innovation, exports, and productivity
T2 - Learning and self-selection in Chile
AU - Bravo-Ortega, Claudio
AU - Benavente, Jose Miguel
AU - González, Álvaro
N1 - Funding Information:
Claudio Bravo-Ortega ([email protected]) is an assistant professor in the Department of Economics, Universidad de Chile, Santiago, Chile. Jose Miguel Benavente (jmbenavente@uai. cl) is a full professor at the Business School, Universidad Adolfo Ibañez, Santiago, Chile. Álvaro González ([email protected]) is an economist in the Financial Policy Division at the Central Bank of Chile, Santiago, Chile. The authors thank Andres Zahler, Dante Contreras, Daniel Hojman, Roberto Álvarez, and other participants from the Department of Economics, University of Chile, the Latin American and Caribbean Economic Association seminar, Santiago, Chile, November 10–12, 2011, for comments and suggestions. The authors are grateful to two anonymous referees whose suggestions greatly improved this work. The authors acknowledge Milenio Initiative Grant NS100017 from the Ministry of Economics to the “Intelis Centre” for partial funding. Claudio Bravo-Ortega acknowledges FONDECYT Grant 1085027 funding at the early stages of this work. The findings and interpretation of the authors do not necessarily represent the views of the Central Bank of Chile. The usual disclaimer applies.
Publisher Copyright:
© 2014 M.E. Sharpe, Inc. All rights reserved.
PY - 2014
Y1 - 2014
N2 - Both exports and innovation-in particular, research and development (R&D)- are key factors for the growth of firms and economies, but there has been little study of the combined impact of exports and innovation on growth of firms and economics, especially in developing countries. We use plant-level data from Chile to examine the relationships among productivity, R&D expenditure, and exports. We find that firms that invest in R&D are considerably more likely to export, but the reverse is not true. Even though exporting does not stimulate investment in R&D, exports and R&D have a joint effect on improving productivity. These results allow us to recover the private return of the "learning by exporting" effect across different sectors.
AB - Both exports and innovation-in particular, research and development (R&D)- are key factors for the growth of firms and economies, but there has been little study of the combined impact of exports and innovation on growth of firms and economics, especially in developing countries. We use plant-level data from Chile to examine the relationships among productivity, R&D expenditure, and exports. We find that firms that invest in R&D are considerably more likely to export, but the reverse is not true. Even though exporting does not stimulate investment in R&D, exports and R&D have a joint effect on improving productivity. These results allow us to recover the private return of the "learning by exporting" effect across different sectors.
KW - Exports
KW - Innovation
KW - Productivity
KW - R&D
UR - http://www.scopus.com/inward/record.url?scp=84987858800&partnerID=8YFLogxK
U2 - 10.2753/REE1540-496X5001S105
DO - 10.2753/REE1540-496X5001S105
M3 - Article
AN - SCOPUS:84987858800
SN - 1540-496X
VL - 50
SP - 68
EP - 95
JO - Emerging Markets Finance and Trade
JF - Emerging Markets Finance and Trade
ER -