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The impact of Licenses on a "Late Starter" LDC: Chile in the 1990s
journal contribution
posted on 2023-06-08, 06:28 authored by Roberto Alvarez, Gustavo Crespi, Joseph RamosThe acquisition of technology through licenses is a potentially important means of accelerating productivity growth, especially in “late starter” developing countries in the throes of “catch-up.” Yet the literature has tended to focus on the potential benefits to the seller, overlooking those to the purchaser (our own concern). We find that expenditures on licensing showed exceptionally high rates on return, on the order of twice those for investment in physical capital. This investment significantly improved firms' performance and productivity in Chilean industry during the 1990s. We conclude that licensing can be an important instrument for speeding catch-up in less-developed countries.
History
Publication status
- Published
Journal
World DevelopmentPublisher
ElsevierExternal DOI
Issue
8Volume
30Page range
1445-1460Pages
16.0Department affiliated with
- SPRU - Science Policy Research Unit Publications
Full text available
- No
Peer reviewed?
- Yes
Legacy Posted Date
2012-02-06Usage metrics
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No categories selectedKeywords
Licence
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