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Effects of Expenditures in Science, Technology and R&D on Technical Change in Countries in Latin America and the Caribbean

  • Alexander Cotte Poveda
  • Clara Carolina Jimenez
Chapter

Abstract

This chapter analyzes the effects of expenditures in science, technology and research and development (R&D) on technical change in countries with a high human development index in Latin America. We argue that with higher investments in science, technology and R&D, the productivity of Latin American countries should increase, thereby offering several advantages for the population. Moreover, we investigated the factors that determine the relationship between economic growth and development and technical change. In this study, we use a technological change model to determine the factors that influence the productivity conditions of every Latin American country analyzed. The findings show that the expenditures in science, technology, R&D and patents have a positive influence on the technological change of those countries.

Keywords

Science Technology Innovation Economic growth Technical change Economic development Data panel 

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Copyright information

© The Author(s) 2019

Authors and Affiliations

  • Alexander Cotte Poveda
    • 1
    • 2
  • Clara Carolina Jimenez
    • 2
  1. 1.Universidad Santo TomásBogotáColombia
  2. 2.Colombian Observatory of Science and Technology (OCyT)BogotáColombia

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