TY  - GEN
AU  - Benavente, José Miguel
AU  - Calvo, Carolina
TI  - Private Return to R&D Activities in Chile
PY  - 2019
Y1  - 2019/08/16
DO  - 10.18235/0001830
AB  - 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.
UR  - https://doi.org/10.18235/0001830
ER  -