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dc.titleResearch Insights: Does R&D Activity Stimulated by Chile’s FONDEF and FONTEC Programs Lead to Knowlege Spillovers?
dc.contributor.authorCrespi, Gustavo
dc.contributor.authorFigal Garone, Lucas
dc.contributor.authorMaffioli, Alessandro
dc.contributor.authorStein, Ernesto H.
dc.contributor.orgunitDepartment of Research and Chief Economist
dc.coverageChile
dc.date.available2020-11-11T01:00:00
dc.date.issue2020-08-12T00:00:00
dc.description.abstractChile's FONDEF and FONTEC R&D grant programs both boost the productivity of direct beneficiaries, increasing total factor productivity (TFP) by around 4.2 percent. However, spillover effects are contingent on program design. Only FONDEF funded projects (requiring collaboration between firms and research centers) generate positive spillovers. FONTEC projects, which fund R&D within the firm, do not. Spillover effects are nonlinear according to the share of firms within a sectorregion receiving subsidies. Positive knowledge spillovers dominate when the share of treated firms is small. However, if the program supports a large share of a firms rivals, spillovers decline as a result of a business-stealing effect.
dc.format.extent4
dc.identifier.doihttp://dx.doi.org/10.18235/0002928
dc.identifier.urlhttps://publications.iadb.org/publications/english/document/Research-Insights-Does-RD-Activity-Stimulated-by-Chiles-FONDEF-and-FONTEC-Programs-Lead-to-Knowlege-Spillovers.pdf
dc.identifier.urlhttps://publications.iadb.org/publications/spanish/document/Perspectivas-de-investigacion-La-actividad-de-I-D-generada-por-los-programas-FONDEF-y-FONTEC-en-Chile-produce-derrames-de-conocimiento.pdf
dc.language.isoen
dc.mediumAdobe PDF
dc.publisherInter-American Development Bank
dc.subjectProductivity
dc.subjectProductivity Growth
dc.subjectScience and Technology
dc.subjectKnowledge Transfer
dc.subjectProductive Development Policy
dc.subjectResearch and Development
dc.subjectKnowledge Dissemination
dc.subject.jelcodeO32 - Management of Technological Innovation and R&D
dc.subject.jelcodeD24 - Production • Cost • Capital • Capital, Total Factor, and Multifactor Productivity • Capacity
dc.subject.jelcodeO38 - Government Policy
dc.subject.jelcodeL60 - Industry Studies: Manufacturing: General
dc.subject.jelcodeD62 - Externalities
dc.subject.jelcodeH43 - Project Evaluation • Social Discount Rate
dc.typeCatalogs and Brochures
idb.identifier.pubnumberIDB-CB-00469
idb.operationBK-C1102
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