R&D expenditure, market structure and "technological regimes" in chilean manufacturing industry

Abstract

This research submits evidence on the nature of the accumulation of knowledge in Chilean manufacturing industry. Microeconomic data shows that factors which are both firm and the industry specific are relevant to the decisions to invest in innovation. Among the former it is worth mentioning th age of the plants and the past investment decisions; among the latter, market structure is meaningful. Fhurthermore, the evidence also shows that the pattern of accumulation of knowledge differs according to the scale, which leads to the existence of two differentiated technological regimes.