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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 Ramos
The 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 Development

Publisher

Elsevier

Issue

8

Volume

30

Page range

1445-1460

Pages

16.0

Department affiliated with

  • SPRU - Science Policy Research Unit Publications

Full text available

  • No

Peer reviewed?

  • Yes

Legacy Posted Date

2012-02-06

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