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Technological Innovation and Economic Growth in Latin America

Author

Listed:
  • Alí Aali Bujari

    (Universidad Autónoma del Estado de Hidalgo, Escuela Superior de Apan)

  • Francisco Venegas Martínez

    (Instituto Politécnico Nacional, Escuela de Economía)

Abstract

Este trabajo tiene como objetivo analizar el impacto de la innovación tecnológica en el crecimiento económico para doce países representativos de América Latina durante el período 1996-2008. Para ello, se desarrolla un modelo de datos de panel dinámico y se estima con el Método Generalizado de Momentos (MGM) en sistema. La evidencia empírica presentada en éste artículo muestra que los procesos de innovación tecnológica tienen un impacto positivo en el crecimiento económico en la región, por lo cual sugiere que los países de América Latina pueden conseguir crecimiento económico en un contexto de incentivos a la innovación tecnológica. El artículo se centra en las economías latinoamericanas que representan la mayor parte del producto de la región, y se realiza un análisis de datos de panel dinámico que permite utilizar una mayor cantidad de países, de variables y de periodos. La conclusión principal es que la inversión en investigación, las patentes y exportaciones de productos con alto contenido tecnológico son relevantes para elevar la productividad total de los factores y el aumento del PIB per cápita en la mayoría de países de América Latina.

Suggested Citation

  • Alí Aali Bujari & Francisco Venegas Martínez, 2016. "Technological Innovation and Economic Growth in Latin America," Remef - Revista Mexicana de Economía y Finanzas Nueva Época REMEF (The Mexican Journal of Economics and Finance), Instituto Mexicano de Ejecutivos de Finanzas, IMEF, vol. 11(2), pages 77-89, Julio-Sep.
    • Handle: RePEc:imx:journl:v:11:y:2016:i:2:p:77-89
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    References listed on IDEAS

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    Cited by:

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    2. Bin Amin, Sakib & Taghizadeh-Hesary, Farhad & Khan, Farhan & Manal Rahman, Faria, 2024. "Does technology have a lead or lag role in economic growth? The case of selected resource-rich and resource-scarce countries," Resources Policy, Elsevier, vol. 89(C).
    3. Khan, Yasir & Liu, Fang & Hassan, Taimoor, 2023. "Natural resources and sustainable development: Evaluating the role of remittances and energy resources efficiency," Resources Policy, Elsevier, vol. 80(C).
    4. Ahmad, Najid & Youjin, Liu & Žiković, Saša & Belyaeva, Zhanna, 2023. "The effects of technological innovation on sustainable development and environmental degradation: Evidence from China," Technology in Society, Elsevier, vol. 72(C).
    5. Tao Wang & Shuhong Wang & Wei Ding & Huiwen Guo, 2023. "Can Technological Innovation and Financial Agglomeration Promote the Growth of Real Economy? Evidence from China," Sustainability, MDPI, vol. 15(22), pages 1-17, November.

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    More about this item

    Keywords

    Economic Growth; Technological Innovation Process; Dynamic Panel Data;
    All these keywords.

    JEL classification:

    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

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