Public and Private Investments in Innovation Capabilities : Structural Transformation in the Chilean Wine Industry
This paper assembles novel data on the Chilean wine industry to investigate the role of investments in knowledge capital on sales growth in domestic and international markets. The study uses archival data collected from the Government of Chile to c...
| Main Authors: | , , |
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| Language: | English en_US |
| Published: |
World Bank Group, Washington, DC
2014
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2014/07/19896099/public-private-investments-innovation-capabilities-structural-transformation-chilean-wine-industry http://hdl.handle.net/10986/19341 |
| Summary: | This paper assembles novel data on the
Chilean wine industry to investigate the role of investments
in knowledge capital on sales growth in domestic and
international markets. The study uses archival data
collected from the Government of Chile to compile and
categorize public expenditures and programs supporting the
Chilean wine industry over the period of 1990-2012 into
investment in different types of knowledge capital. These
spending categories are related to industry-level sales
growth. The paper finds that the most important correlate is
spending on research and development. The study also uses
data from a new survey of Chilean wine firms to capture
information on firm-specific investments in knowledge
capital. The findings show that investments in collaboration
capital, in particular hiring foreign consultants, as well
as participation in international wine fairs are the
strongest correlates of growth in export sales, while
spending on aspects of branding (local advertising and brand
design) are the strongest correlates of domestic market
sales growth. |
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