This research submits evidence on the nature of the accumulation of knowledge in Chilean manufacturing industry. Microeconomic data shows that factors which are both firm and the industry specific are relevant to the decisions to invest in innovation. Among the former it is worth mentioning the...

It may be stated that there exists, within the field of the economy, a growing consensus regarding the fact that together with capital accumulation, technological progress and its associated innovations are the central forces of the process of economic growth and increase in welfare of the...

The purpose of this paper is to formulate a theoretical framework as an alternative to the neoclassical one in order to find a more consistent explanation to the phenomenon of innovation and the process of growth. This new frame of thought, developed on the axis of the Schumpeterian process of...