Explaining differences in the returns to R&D in Argentina: the role of contextual factors

References

• Acemoglu, Daron, Ufuk Akcigit, Harun Alp, Nicholas Bloom, and William Kerr. 2018. “Innovation, Reallocation, and Growth.” American Economic Review 108 (11): 3450–3491.
   Web of Science ®Google Scholar
• Aghion, Philippe, Antonin Bergeaud, Matthieu Lequien, and Marc J Melitz. 2018. “The Heterogeneous Impact of Market Size on Innovation: Evidence from French Firm-Level Exports.” NBER Working Papers 24600.
   Google Scholar
• Aghion, P., N. Bloom, R. Blundell, R. Griffith, and P. Howitt. 2005. “Competition and Innovation: An Inverted-U Relationship.” Quarterly Journal of Economics 120 (2): 701–728.
   Web of Science ®Google Scholar
• Aizenman, Joshua, and Nancy Marion. 1999. “Volatility and Investment: Interpreting Evidence from Developing Countries.” Economica 66 (262): 157–179.
   Web of Science ®Google Scholar
• Aizenman, J., and N. Marion. 2004. “The Merits of Horizontal Versus Vertical FDI in the Presence of Uncertainty.” Journal of International Economics 62 (1): 125–148. doi: 10.1016/j.jinteco.2003.08.003.
   Web of Science ®Google Scholar
• Albornoz, Mario. 2004. “Política Científica y Tecnológica en Argentina.” In Temas de Iberoamérica: Globalización, Ciencia y Tecnología. Organización de Estados Iberoamericanos para la Educación, la Ciencia y la Cultura (OEI) y Corporación Escenarios.
   Google Scholar
• Albuquerque, Eduardo, Wilson Suzigan, Valeria Arza, and Gabriela Dutrénit. 2015. “Matrices of University–Firm Interactions in Latin America.” In Developing National Systems of Innovation, 194–218. Edward Elgar Publishing.
   Google Scholar
• Allayannis, G., and J. Ihrig. 2001. “Exposure and Markups.” Review of Financial Studies 14 (3): 805–835. doi: 10.1093/rfs/14.3.805.
   Web of Science ®Google Scholar
• Andrews, Dan, Chiara Criscuolo, and Dirk Pilat. 2015. “The Future of Productivity Improving the Diffusion of Technology and Knowledge.” DigiWorld Economic Journal 100: 85.
   Google Scholar
• ANPIDTYI-MINCYT. 2020. Informe de Adjudicaciones 2019. Buenos Aires: Agencia Nacional de Promoción de la Investigación, el Desarrollo Tecnológico y la Innovación (ANPIDTYI), Ministerio de Ciencia, Tecnología e Innovación (MINCYT).
   Google Scholar
• Arza, Valeria. 2013. “The Social Dimension of Behaviour: Macroeconomic Uncertainty and Firms’ Investment in R&D and in Machinery in Argentina.” In Learning, Capability Building and Innovation for Development, 176–201. London: Palgrave Macmillan.
   Google Scholar
• Arza, Valeria, and Wendy Brau. 2021. “El péndulo en números: un análisis cuantitativo de los vaivenes de la política económica en Argentina entre 1955 y 2018.” Desarrollo Económico N°233.
   Google Scholar
• Arza, Valeria, Xavier Cirera, Agustina Colonna, and Emanuel López. 2020. “Explaining Differences in the Returns to R&D in Argentina: The Role of Contextual Factors and Complementarities.” Policy Research Working Paper, The World Bank (9219).
   Google Scholar
• Arza, Valeria, Martin del Castillo, Diego Aboal, Martin Pereyra, E. Rodríguez Cuniolo, C. Ferraro, P. Sivori, and J. Paz. 2018. Políticas de Desarrollo Productivo en Argentina. Lima: OIT/Oficina Regional para América Latina y el Caribe.
   Google Scholar
• Arza, Valeria, and Andrés López. 2010. “Innovation and Productivity in the Argentine Manufacturing Sector.” In IDB Working Paper No. 62.
   Google Scholar
• Arza, Valeria, and Emanuel López. 2021. “Obstacles Affecting Innovation in Small and Medium Enterprises: Quantitative Analysis of the Argentinean Manufacturing Sector.” Research Policy 50 (9): 104324. doi:10.1016/j.respol.2021.104324.
   Web of Science ®Google Scholar
• Audretsch, Bruce. 1998. “Agglomeration and the Location of Innovative Activity.” Oxford Review of Economic Policy 14 (2): 18–29.
   Web of Science ®Google Scholar
• Bartelsman, Eric, John Haltiwanger, and Stefano Scarpetta. 2013. “Cross-Country Differences in Productivity: The Role of Allocation and Selection.” American Economic Review 103 (1): 305–334.
   Web of Science ®Google Scholar
• Baruj, Gustavo Andrés, Martín Obaya, Fernando Enrique Porta, Juan Eduardo Santarcangelo, Carolina Sessa, and Ivan Zweig. 2017. “El complejo automotriz argentino: situación tecnológica, restricciones y oportunidades.” In Informe Técinico N°8 CIECTI. Buenos Aires.
   Google Scholar
• Bekerman, Marta, and Federico Martín Dulcich. 2013. “La Inserción Internacional de la Argentina.¿ Hacia un Proceso de Diversificación Exportadora?” Revista de la CEPAL 110.
   Google Scholar
• Benavente, Jose Miguel. 2006. “The Role of Research and Innovation in Promoting Productivity in Chile.” Economics of Innovation & New Technology 15 (4/5): 301–315.
   Google Scholar
• Bernard, A. B., and J. B. Jensen. 1999. “Exceptional Exporter Performance: Cause, Effect, or Both?”.” Journal of International Economics 47: 1–25.
   Web of Science ®Google Scholar
• Bloom, Nicholas, Max Floetotto, Nir Jaimovich, Itay Saporta-Eksten, and Stephen J. Terry. 2018. “Really Uncertain Business Cycles.” Econometrica 86 (3): 1031–1065.
   Web of Science ®Google Scholar
• Bloom, Nicholas, Charles I Jones, John Van Reenen, and Michael Webb. 2017. Are Ideas Getting Harder to Find? National Bureau of Economic Research.
   Google Scholar
• Bond, Stephen R, and Irem Guceri. 2017. “R&D and Productivity: Evidence from Large UK Establishments with Substantial R&D Activities.” Economics of Innovation and New Technology 26 (1-2): 108–120.
   Web of Science ®Google Scholar
• Boone, Jan. 2008. “A new way to Measure Competition.” The Economic Journal 118 (531): 1245–1261.
   Web of Science ®Google Scholar
• Brambilla, Irene, and Darío Tortarolo. 2018. Investment in ICT, Productivity, and Labor Demand: The Case of Argentina. The World Bank.
   Google Scholar
• Caballero, R. J., and R. S. Pindyck. 1996. “Uncertainty, Investment. and Industry Evolution.” International Economic Review 37 (3): 641–662.
   Web of Science ®Google Scholar
• Campa, J., and L. S. Goldberg. 1995. “Investment in Manufacturing, Exchange Rates and External Exposure.” Journal of International Economics 38 (3/4): 297–320.
   Web of Science ®Google Scholar
• Capello, Roberta. 2011. “Innovation and Productivity: Local Competitiveness and the Role of Space.” In Handbook of Regional Innovation and Growth. Edward Elgar Publishing.
   Google Scholar
• Chow, Yee Peng, Junaina Muhammad, A. N. Bany-Ariffin, and Fan Fah Cheng. 2018. “Macroeconomic Uncertainty, Corporate Governance and Corporate Capital Structure.” International Journal of Managerial Finance 14 (3): 301–321. doi: 10.1108/ijmf-08-2017-0156.
   Web of Science ®Google Scholar
• Chudnovsky, Daniel. 2001. "Innovation Activities by Manufacturing Firms in a More Open Developing Economy: the Case of Argentina in the 1990s." Paper presented at the Aalsborg, Denmark: Nelson and Winter Conference, No. 45.
   Google Scholar
• Chudnovsky, Daniel, Andrés López, and Germán Pupato. 2004. “Innovation and Productivity in Developing Countries: A Study of Argentine Manufacturing Firmś Behaviour (1992–2001).” Mimeo, presented to Research Policy.
   Google Scholar
• Cimoli, Mario, Giovanni Dosi, Richard R Nelson, and Joseph E Stiglitz. 2009. “Institutions and Policies in Developing Economies.” In Handbook of Innovation Systems and Developing Countries: Building Domestic Capabilities in a Global Setting, edited by Bengt-Åke Lundvall, K. J. Joseph, Cristina Chaminade, and Jan Vang, 337–359. Cheltenham: Edward Elgar Publishing Limited.
   Google Scholar
• Cirera, Xavier, and William F Maloney. 2017. The Innovation Paradox: Developing-Country Capabilities and the Unrealized Promise of Technological Catch-up. The World Bank.
   Google Scholar
• Cirera, Xavier, Anabel Marin, and Ricardo Markwald. 2015. “Explaining Export Diversification Through Firm Innovation Decisions: The Case of Brazil.” Research Policy 44 (10): 1962–1973.
   Web of Science ®Google Scholar
• Cooke, Philip. 2001. “Regional Innovation Systems, Clusters, and the Knowledge Economy.” Industrial and Corporate Change 10 (4): 945–974.
   Google Scholar
• Cooke, Philip, Bjørn Asheim, Ron Boschma, Ron Martin, Dafna Schwartz, and Franz Tödtling. 2011. Handbook of Regional Innovation and Growth. Edward Elgar Publishing.
   Google Scholar
• Cooke, Philip, Mikel Gomez Uranga, and Goio Etxebarria. 1997. “Regional Innovation Systems: Institutional and Organisational Dimensions.” Research Policy 26 (4-5): 475–491.
   Web of Science ®Google Scholar
• Cox, Peter J. 1990. “Research and Development — or Research Design and Development?” International Journal of Project Management 8 (3): 144–150. doi:10.1016/0263-7863(90)90015-4.
   Google Scholar
• Crepon, Bruno, Emmanuel Duguet, and Jacques Mairesse. 1998. “Research, Innovation And Productivity: An Econometric Analysis at the Firm Level.” Economics of Innovation and new Technology 7 (1): 115–158.
   Google Scholar
• Crescenzi, R., and A. Rodríguez-Pose. 2013. “R&D, Socio-Economic Conditions, and Regional Innovation in the U.S.” Growth and Change 44 (2): 287–320. doi: 10.1111/grow.12011.
   Web of Science ®Google Scholar
• Crespi, Gustavo, E. Fernández-Arias, and E. Stein. 2014. “¿Cómo Repensar el Desarrollo Productivo?: Políticas e Instituciones Sólidas Para la Transformación Económica.”. Washington, DC: Banco Interamericano de Desarrollo.
   Google Scholar
• Crespi, Gustavo, Ezequiel Tacsir, and Fernando Vargas. 2016. “Innovation Dynamics and Productivity: Evidence for Latin America.” In Firm Innovation and Productivity in Latin America and the Caribbean, 37–71. Springer.
   Google Scholar
• Crespi, Gustavo, and Pluvia Zuniga. 2012. “Innovation and Productivity: Evidence from Six Latin American Countries.” World Development 40 (2): 273–290.
   Web of Science ®Google Scholar
• Davies, Stephen, and Bruce Lyons. 1996. “Chapter 6 Industrial Concentration.” In Industrial Organization in the European Union. Oxford: Clarendon Press.
   Google Scholar
• Dixon, R., and A. P. Thirlwall. 1975. “A Model of Regional Growth-Rate Differences on Kaldorian Lines.” Oxford Economic Papers 27 (2): 201–214.
   Web of Science ®Google Scholar
• Dosi, Giovanni. 1988. “Sources, Procedures, and Microeconomic Effects of Innovation.” Journal of Economic Literature, 1120–1171.
   Web of Science ®Google Scholar
• Fanelli, Jose Maria. 2002. “Growth, Instability and the Convertibility Crisis in Argentina.” Cepal Review 77: 25–43.
   Google Scholar
• Felsenstein, Daniel. 2011. “Human Capital and Labour Mobility Determinants of Regional Innovation.” In Handbook of Regional Innovation and Growth. Edward Elgar Publishing.
   Google Scholar
• Frank, Andrew Gunder. 1959. “Industrial Capital Stocks and Energy Consumption.” The Economic Journal 69 (273): 170–174.
   Web of Science ®Google Scholar
• Fung, M. K. 2004. “Technological Opportunity and Productivity of R&D Activities.” Journal of Productivity Analysis 21 (2): 167–181. doi: 10.1023/B:PROD.0000016871.95892.41.
   Web of Science ®Google Scholar
• García-Quevedo, José, Gabriele Pellegrino, and Maria Savona. 2016. “Reviving Demand-Pull Perspectives: The Effect of Demand Uncertainty and Stagnancy on R&D Strategy.” Cambridge Journal of Economics 41 (4): 1087–1122.
   Web of Science ®Google Scholar
• Griffith, Rachel, Stephen Redding, and John Van Reenen. 2004. “Mapping the Two Faces of R&D: Productivity Growth in a Panel of OECD Industries.” Review of Economics and Statistics 86 (4): 883–895.
   Web of Science ®Google Scholar
• Griliches, Zvi. 1967. “Distributed Lags: A Survey.” Econometrica (pre-1986) 35 (1): 16.
   Web of Science ®Google Scholar
• Griliches, Zvi. 1979. “Issues in Assessing the Contribution of Research and Development to Productivity Growth.” The Bell Jorunal of Economics 10 (1): 92–116.
   Google Scholar
• Griliches, Zvi. 1994. “Productivity, R&D, and the Data Constraint.” American Economic Review 84 (1): 1–23.
   Web of Science ®Google Scholar
• Gurcanlar, Tugba, Alberto Criscuolo, Daniel Gomez Gaviria, and Xavier Cirera. 2021. Spurring Innovation-Led Growth in Argentina: Performance, Policy Response, and the Future. Washington, DC: International Development in Focus. World Bank Group.
   Google Scholar
• Hambrick, Donald C, and Ian C MacMillan. 1985. “Efficiency of Product R&D in Business Units: The Role of Strategic Context.” Academy of Management Journal 28 (3): 527–547.
   Web of Science ®Google Scholar
• Hudson, John, and Alexandru Minea. 2013. “Innovation, Intellectual Property Rights, and Economic Development: A Unified Empirical Investigation.” World Development 46: 66–78.
   Web of Science ®Google Scholar
• Jehan, Zainab, and Azooba Hamid. 2017. “Exchange Rate Volatility and Capital Inflows: Role of Financial Development.” Portuguese Economic Journal 16 (3): 189–203.
   Web of Science ®Google Scholar
• Jovanovic, Boyan. 1982. “Selection and the Evolution of Industry.” Econometrica 50 (3): 649–670.
   Web of Science ®Google Scholar
• Kafouros, M. I., and P. J. Buckley. 2008. “Under What Conditions do Firms Benefit from the Research Efforts of Other Organizations?” Research Policy 37 (2): 225–239. doi: 10.1016/j.respol.2007.11.005.
   Web of Science ®Google Scholar
• Katz, Jorge. 1982. Cambio tecnológico en la industria metalmecánica latinoamericana: resultados de un programa de estudios de casos. Programa de Investigaciones sobre Desarrollo Científico y Tecnológico en América Latina (Monografía de Trabajo N° 51). Buenos Aires, Argentina: BID/CEPAL/CIID/PNUD.
   Google Scholar
• Katz, Jorge. 2000. Pasado y Presente del Comportamiento Tecnológico de América Latina. Serie Desarrollo Productivo 75, CEPAL, Santiago de Chile.
   Google Scholar
• Katz, Jorge M. 2001. “Structural Reforms and Technological Behaviour: The Sources and Nature of Technological Change in Latin America in the 1990s.” Research Policy 30 (1): 1–19.
   Web of Science ®Google Scholar
• Katz, Jorge, and Gonzalo Bernat. 2011. “Exit–Entry, Productivity Growth and Structural Change in Response to Changes in Macroeconomic Policy: Evidence from Argentina.” Innovation and Development 1 (2): 227–244.
   Google Scholar
• Klapper, Leora, Luc Laeven, and Raghuram Rajan. 2006. “Entry Regulation as a Barrier to Entrepreneurship.” Journal of Financial Economics 82 (3): 591–629.
   Web of Science ®Google Scholar
• Klevorick, Alvin K, Richard C Levin, Richard R Nelson, and Sidney G Winter. 1995. “On the Sources and Significance of Interindustry Differences in Technological Opportunities.” Research Policy 24 (2): 185–205.
   Web of Science ®Google Scholar
• Kline, S. J., and N. Rosenberg. 1986. N.(1986): An Overview of Innovation. Washington, DC: The Positive Sum Game.
   Google Scholar
• Koren, M., and S. Tenreyro. 2007. “Volatility and Development.” Quarterly Journal of Economics 122 (1): 243–287. doi: 10.1162/qjec.122.1.243.
   Web of Science ®Google Scholar
• Kosacoff, Bernardo. 2000. Corporate Strategies Under Structural Adjustment in Argentina: Responses by Industrial Firms to a new set of Uncertainties. New York: St Martin’s Press.
   Google Scholar
• Krugman, Paul R. 1991. Geography and Trade. Cambridge, MA: MIT Press.
   Google Scholar
• Llisterri, Juan J, and Carlo Pietrobelli. 2011. Los Sistemas Regionales de Innovación en América Latina. Washington D. C.: Banco Interamericano de Desarrollo.
   Google Scholar
• Lucas, Robert E. 1978. “On the Size Distribution of Business Firms.” Bell Journal 9: 509–523.
   Google Scholar
• Lundvall, Bengt-Ake. 1992. National Innovation Systems: Towards a Theory of Innovation and Interactive Learning. London: Pinter.
   Google Scholar
• Macchioli, Pablo Sánchez, and Laura Osorio. 2017. “Instrumentos de Política Científica, Tecnológica y de Innovación en América Latina. Principales Tendencias en Argentina, Brasil y México.” In EL ESTADO DE LA CIENCIA. Principales Indicadores de Ciencia y Tecnología Iberoamericanos/Interamericanos 2017. Buenos Aires: REDES, RYCIT.
   Google Scholar
• Malerba, F. 2002. “Sectoral Systems of Innovation and Production.” Research Policy 31 (2): 247–264. doi: 10.1016/S0048-7333(01)00139-1.
   Web of Science ®Google Scholar
• Malerba, F., and L. Orsenigo. 1995. “Schumpeterian Patterns of Innovation.” Cambridge Journal of Economics 19 (1): 47–65.
   Web of Science ®Google Scholar
• Maloney, W. F. 2017. Revisiting the National Innovation System in Developing Countries. World Bank Policy Research Working Paper (8219). Washington, DC: The World Bank.
   Google Scholar
• Marín, Anabel, and Sergio Petralia. 2018. “Sources and Contexts of Inter-Industry Differences in Technological Opportunities: The Cases of Argentina and Brazil.” Innovation and Development 8 (1): 29–57.
   Google Scholar
• Marshall, Alfred. 1890. Principles of Economics. Reprint 1961 ed. London; New York: Macmillan for the Royal Economic Society.
   Google Scholar
• McCombie, John, and Tony Thirlwall. 1995. Economic Growth and the Balance-of-Payments Constraint. New York: St Martin's Press.
   Google Scholar
• Metcalfe, Stan, and Ronnie Ramlogan. 2008. “Innovation Systems and the Competitive Process in Developing Economies.” The Quarterly Review of Economics and Finance 48 (2): 433–446.
   Google Scholar
• Nelson, Richard R. 1993. National Innovation Systems: A Comparative Analysis. New York: Oxford University Press.
   Google Scholar
• Ngai, L. R., and R. M. Samaniego. 2011. “Accounting for Research and Productivity Growth Across Industries.” Review of Economic Dynamics 14 (3): 475–495. doi: 10.1016/j.red.2009.12.002.
   Web of Science ®Google Scholar
• Niembro, Andrés. 2017. “Hacia una Primera Tipología de los Sistemas Regionales de Innovación en Argentina.” Investigaciones Regionales – Journal of Regional Research 38: 117–149.
   Google Scholar
• Niembro, Andrés Alberto. 2019. “Problemas y Necesidades de los Sistemas Regionales de Innovación en Argentina: Hacia un Enfoque Territorial de las Políticas de CTI.” Revista de Estudios Sociales de la Ciencia y la Tecnología 25: 48.
   Google Scholar
• Niembro, Andrés, and Gabriela Starobinsky. 2021. “Sistemas Regionales de Ciencia, Tecnología e Innovación en la Periferia de la Periferia: Un Análisis de las Provincias Argentinas (2010–2017).” Estudios Socioterritoriales. Revista de Geografía 30 (097): 1–22.
   Google Scholar
• North, Douglas C. 1990. Institutions, Institutional Change and Economic Performance. Cambridge and New York: Cambridge University Press.
   Google Scholar
• Olea, Montiel, José Luis, and Carolin Pflueger. 2013. “A Robust Test for Weak Instruments.” Journal of Business & Economic Statistics 31 (3): 358–369.
   Web of Science ®Google Scholar
• Pavitt, Keith. 1984. “Sectoral Patterns of Technical Change: Towards a Taxonomy and a Theory.” Research Policy 13 (6): 343–373.
   Web of Science ®Google Scholar
• Pindyck, Robert S, and Andres Solimano. 1993. “Economic Instability and Aggregate Investment.” NBER Macroeconomics Annual 8: 259–303.
   Google Scholar
• Scherer, Frederic M. 1967. “Research and Development Resource Allocation Under Rivalry.” The Quarterly Journal of Economics 81 (3): 359–394.
   Web of Science ®Google Scholar
• Schmookler, J. 1962. “Economic Sources of Inventive Activity.” In The Economics of Technological Change (1971), edited by N. Rosenberg, 117–136. Harmondsworth: Penguin Books.
   Google Scholar
• Schumpeter, Joseph A. 1942. Capitalism, Socialism, and Democracy. Reprint 2008. ed: Harper Collins.
   Google Scholar
• Soete, Luc, Bart Verspagen, and Bas Ter Weel. 2010. “Chapter 27 - Systems of Innovation.” In Handbook of the Economics of Innovation, edited by Bronwyn H. Hall and Nathan Rosenberg, 1159–1180. Amsterdam, The Netherlands: Elsevier-North-Holland.
   Google Scholar
• Strobel, Thomas. 2012. “New Evidence on the Sources of EU Countries’ Productivity Growth—Industry Growth Differences from R&D and Competition.” Empirica 39 (3): 293–325.
   Web of Science ®Google Scholar
• Sutton, John. 1998. Technology and Market Structure: Theory and History. Cambridge, MA: The MIT Press.
   Google Scholar
• Syverson, C. 2011. “What Determines Productivity?” Journal of Economic Literature 49 (2): 326–365.
   Web of Science ®Google Scholar
• Teece, David, and Gary Pisano. 2003. “The Dynamic Capabilities of Firms.” In Handbook on Knowledge Management, edited by C. W. Holsapple, 195–213. Berlin, Heidelberg: Springer.
   Google Scholar
• Teixeira, Aurora AC, and Anabela SS Queirós. 2016. “Economic Growth, Human Capital and Structural Change: A Dynamic Panel Data Analysis.” Research Policy 45 (8): 1636–1648.
   Web of Science ®Google Scholar
• World Bank. 2020. Doing Business 2020. Washington, DC: World Bank Group.
   Google Scholar
• Yoguel, Gabriel, José Antonio Borello, and Analia Erbes. 2009. “Argentina: Cómo Estudiar y Actuar Sobre los Sistemas Locales de Innovación.” Revista CEPAL(99): 65–82.
   Google Scholar