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 the age of the plants and the past investment decisions.
Crespi, G., & Katz, J. (2016). R&D expenditure, market structure and "technological regimes" in Chilean manufacturing industry ". Estudios De Economía, 26(2), pp. 163–186. Retrieved from https://estudiosdeeconomia.uchile.cl/index.php/EDE/article/view/41039
