Abstract

PEREZ HERNANDEZ, Carla Carolina; GOMEZ HERNANDEZ, Denise  and  LARA GOMEZ, Graciela. Determinants of Technological Capacity in Latin America: An Empirical Application with Panel Data. Econ: teor. práct [online]. 2018, n.48, pp.75-123. ISSN 2448-7481.  https://doi.org/10.24275/etypuam/ne/482018/perez.

The aim of this paper is to evaluate the determinants of technological capacity in Latin America. We developed an econometric model using the technique of panel data with fixed effects, based on the indicators proposed by CEPAL (2007) & Chinaprayoon (2007). Then, we compiled data from various public sources, with a time series of 14 years and a transversal dimension of 17 countries; in order to analyze the impact of variables related to the technological capacity in Latin America. The results show that the level of trade liberalization, the patent stock and the expenditure on R&D are the most influential determinants of technological capacity in this context. Finally, we reflected the best practices of Science, Technology and Innovation, in order to generate discussions to influence policies in techno-scientific issues for the region.

Keywords : Technological capabilities; panel data; fixed effects; Latin America; O10; O30; O31.

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