@misc{19362,
title = {Private Return to R&D Activities in Chile},
author = {Benavente, José Miguel and Calvo, Carolina},
year = {2019},
doi = {10.18235/0001830},
abstract = {Using a panel data of innovative Chilean firms, we obtain a private return for R&D expenditure over 30 percent during this decade. Despite the fact of being almost twice the return obtained for physical capital, results show that R&D expenditure causes contemporaneous negative impacts over firms profits suggesting that a learning process is in place. Nevertheless, after two years, the net effect is positive and may explain why private participation in research activities is still very low in Chile.},
url = {https://doi.org/10.18235/0001830}
}