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Innovation Shortfalls

There is a common perception that low productivity or low growth is due to what can be called an "innovation shortfall," usually identified as a low rate of investment in research and development (R&D) when compared with some high inn...

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Bibliographic Details
Main Authors:	Maloney, William, Rodríguez-Clare, Andrés
Language:	English
Published:	World Bank, Washington, DC 2012
Subjects:	AFFILIATED ORGANIZATIONS AVERAGE PRODUCTIVITY BENCHMARKING CAPITAL ACCUMULATION CAPITAL STOCK CAPITAL-LABOR CAPITAL-LABOR RATIO CAPITAL-OUTPUT RATIO COMPARATIVE ADVANTAGE CONSTANT RATE COST OF R&AMP;D DEVELOPMENT ECONOMICS DISCOUNT RATE DOMESTIC FIRMS DOMESTIC R&AMP;D ECONOMIC GROWTH ECONOMIC STRUCTURE EQUILIBRIUM EQUILIBRIUM ANALYSIS EXTERNALITIES EXTERNALITY FACTORS OF PRODUCTION FREE FLOW FUTURE RESEARCH GDP GROWTH DIAGNOSTICS GROWTH RATE HUMAN CAPITAL INCOME INCOME DIFFERENCES INCOME LEVELS INCOME TAXES INCREASE IN LABOR INTEREST RATE INTERNATIONAL SPILLOVERS INTERNATIONAL TRADE INVESTMENT GOODS INVESTMENT IN RESEARCH INVESTMENT LEVELS INVESTMENT RATE INVESTMENT RATES KNOWLEDGE CAPITAL KNOWLEDGE SPILLOVERS LABOR FORCE LABOR PRODUCTIVITY LATIN AMERICAN LDCS MARKET FAILURES NATIONAL ECONOMY NATURAL RESOURCES NEOCLASSICAL MODEL OPEN ECONOMY OPTIMIZATION PRIVATE RATE PRIVATE RATES PRODUCTION FUNCTION PRODUCTIVITY PRODUCTIVITY GROWTH R&D R&D INTENSITIES R&D INTENSITY R&D INVESTMENT R&D POLICY R&D SPENDING R&D SPILLOVERS R&D TAX RATE OF INVESTMENT RATE OF RETURN RATE OF RETURN TO CAPITAL RATES OF RETURN REAL INTEREST RATE RELATIONSHIP BETWEEN R&AMP;D SHADOW PRICES SOUTH AMERICA STATE EQUILIBRIUM TAX POLICY TAX RATE TAX RATES TECHNOLOGICAL CHANGE TFP TOTAL LABOR FORCE TOTAL OUTPUT TRADE BARRIERS TRADE THEORY VALUE ADDED WAGES
Online Access:	http://documents.worldbank.org/curated/en/2007/07/7964756/innovation-shortfalls http://hdl.handle.net/10986/7470