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Evolution of Industrial Policy in Chile: Analysis of the Period 1990-2022

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  • Barra Novoa, Rodrigo

Abstract

This study provides a comprehensive and critical analysis of the trajectory of industrial policy and technological absorption in Chile over the last three decades. The article examines the paradigm and institutional shift in the promotion of innovation, highlighting significant advances in key sectors of the Chilean economy, such as mining, salmon farming, fruit farming and the emerging green hydrogen sector. The research underlines the key role of the state in Chile's industrial and technological development, supported by institutions such as CORFO and ANID. Key factors driving this incremental progress include macroeconomic stability, investment in infrastructure, increased R&D funding and policies aimed at fostering innovation. However, to improve the effectiveness of the industrial strategy and address challenges related to regional inequality, a more adaptive and sustained approach is required to fully capitalise on the opportunities offered by the country's resources and capabilities.

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  • Barra Novoa, Rodrigo, 2024. "Evolution of Industrial Policy in Chile: Analysis of the Period 1990-2022," EconStor Preprints 303491, ZBW - Leibniz Information Centre for Economics.
    • Handle: RePEc:zbw:esprep:303491
    DOI: 10.1590/SciELOPreprints.10054
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    1. Rodrigo Rodrigo Barra Novoa Barra Novoa, 2022. "An appreciative theorizing approach to gazelle enterprises assisted by the Arica Business Center," Post-Print hal-03916747, HAL.
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      More about this item

      Keywords

      Industrial Policy; Technology Absorption; Innovation; Economic Development;
      All these keywords.

      JEL classification:

      • E02 - Macroeconomics and Monetary Economics - - General - - - Institutions and the Macroeconomy
      • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
      • P42 - Political Economy and Comparative Economic Systems - - Other Economic Systems - - - Productive Enterprises; Factor and Product Markets; Prices

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