Natural resource funds for innovation in emerging countries: an assessment of the Chilean experience
This study aims to explore the institutional complexities associated with the design and implementation of a natural resource fund for innovation. Design/methodology/approach: This study examines the case of Chile's Innovation Fund for Competitiveness by means of a historical approach building...
| Autores: | , , |
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| Tipo de recurso: | artículo |
| Fecha de publicación: | 2021 |
| País: | España |
| Institución: | Universidad Autónoma de Madrid |
| Repositorio: | Biblos-e Archivo. Repositorio Institucional de la UAM |
| Idioma: | inglés |
| OAI Identifier: | oai:repositorio.uam.es:10486/721312 |
| Acceso en línea: | http://hdl.handle.net/10486/721312 https://dx.doi.org/10.1108/CR-01-2021-0018 |
| Access Level: | acceso abierto |
| Palabra clave: | Chile Diversification Innovation Natural resource funds Regional innovation systems Resource curse Economía |
| Sumario: | This study aims to explore the institutional complexities associated with the design and implementation of a natural resource fund for innovation. Design/methodology/approach: This study examines the case of Chile's Innovation Fund for Competitiveness by means of a historical approach building on interviews with key informants. Findings: The proper functioning of a natural resource fund for innovation requires efficient institutional and operational structures, as well as strong coordination with innovation system actors. In particular, the case of Chile highlights the challenges inherent in adopting a regional approach when implementing this type of strategy, due to the institutional voids that hamper the role of regional governments in emerging countries. Originality/value: Natural resource funds for innovation constitute a strategic mechanism for developing the innovative capabilities necessary to enhance the competitiveness of resource-rich emerging countries. This is one of the first studies addressing the institutional challenges involved in setting up this kind of fund in practice, focusing on one of the most relevant and longstanding examples from Latin America |
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