Title: Intellectual property in Latin America: the impact of innovation subsidies on Chilean firms

Authors: Rodrigo Fuentes-Solís; Ariel Soto-Caro; Dusan Paredes; Mauricio Oyarzo; Carmen Veloso Ramos

Addresses: Facultad de Economía y Negocios, Universidad de Talca, Campus Santiago, Sta Elena 2222, San Joaquín, Santiago, Chile ' Escuela de Administración y Negocios, Universidad de Concepción, Campus Chillán, Chile ' Departamento de Economía, Universidad Católica del Norte, Av. Angamos 0610, Antofagasta, Chile ' Escuela de Administración y Negocios, Universidad de Concepción, Campus Chillán, Vicente Méndez 595, Chillán, Chile ' Escuela de Ciencias y Tecnología, Universidad de Concepción, Campus Los Ángeles, Juan Antonio Coloma 0201, Los Ángeles, Chile

Abstract: Intellectual property is related to industrial property and copyright, and in both cases is considered to be an indicator of innovation and development. The study of innovation subsidies given to innovative firms has been widely reviewed in developed economies, but there is very little empirical evidence for developing countries. And this study looks to provide new insights into developing countries, which motivates the originality of this paper. The goal of this study was to measure the impact on income of a group of subsidies that support innovative business processes in a developing country, Chile. Our database consisted of a panel with 1,523 Chilean firms during two periods: 2007 and 2009. Difference in difference was applied to the data panel and selection bias was decreased through propensity score matching. Results indicate a significant and positive effect of the group of innovative subsidies on the income of treated firms.

Keywords: innovation; innovation subsidies; developing countries; intellectual property.

DOI: 10.1504/IJIPM.2020.112411

International Journal of Intellectual Property Management, 2020 Vol.10 No.4, pp.396 - 408

Received: 18 Jun 2019
Accepted: 22 Oct 2019
Published online: 14 Jan 2021 *

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