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Explaining Differences in the Returns to R&D in Argentina : The Role of Contextual Factors and Complementarities (Inglés)

Argentina's private investment in research and development is well below that of its peers. One important reason may be low and very heterogeneous returns to research and development activities on productivity. This paper uses novel microdata to estimate the returns to research and development and understand the contextual factors that shape their heterogeneity. The paper groups these context-based factors into knowledge complementary factors (that...
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