Public and Private Investments in Innovation Capabilities : Structural Transformation in the Chilean Wine Industry
No hay miniatura disponible
Fecha
Título de la revista
ISSN de la revista
Título del volumen
Editor
World Bank Group, Washington, DC
Resumen
Descripción
This paper assembles novel data on the
Chilean wine industry to investigate the role of investments
in knowledge capital on sales growth in domestic and
international markets. The study uses archival data
collected from the Government of Chile to compile and
categorize public expenditures and programs supporting the
Chilean wine industry over the period of 1990-2012 into
investment in different types of knowledge capital. These
spending categories are related to industry-level sales
growth. The paper finds that the most important correlate is
spending on research and development. The study also uses
data from a new survey of Chilean wine firms to capture
information on firm-specific investments in knowledge
capital. The findings show that investments in collaboration
capital, in particular hiring foreign consultants, as well
as participation in international wine fairs are the
strongest correlates of growth in export sales, while
spending on aspects of branding (local advertising and brand
design) are the strongest correlates of domestic market
sales growth.
Palabras clave
ADVERTISING, AFFILIATED ORGANIZATIONS, AGRICULTURE, BALANCE SHEET, BENCHMARK, BRAND, BRAND IMAGE, BRANDS, BUSINESS MODELS, BUSINESS PROCESS, BUSINESS PROCESSES, BUSINESS STRATEGY, BUSINESSES, BUYER, BUYERS, CAPABILITIES, CAPITAL ASSETS, CAPITAL EXPENDITURE, CAPITAL EXPENDITURES, CAPITAL INVESTMENT, CAPITAL INVESTMENTS, COLLABORATION, COMMODITY, COMPARATIVE ADVANTAGE, COMPETITIVE ADVANTAGE, COMPETITIVENESS, CONNECTIVITY, CONSULTING SERVICES, CONSUMER PREFERENCES, CONSUMERS, CUSTOMER LOYALTY, DEVELOPMENT AGENCY, DEVELOPMENT POLICY, DIGITAL ASSETS, DISTRIBUTION NETWORKS, DOMESTIC MARKET, ECONOMIC DEVELOPMENT, ELASTICITY, EMERGING MARKET, ENTERPRISE SURVEY, EQUIPMENT, EXCHANGE RATE, EXPENDITURES, EXPORT GROWTH, EXPORT MARKET, EXPORT MARKETS, EXPORTS, FAIRS, FOREIGN COMPETITORS, FOREIGN DIRECT INVESTMENTS, FOREIGN INVESTMENT, FOREIGN OWNERSHIP, FOREIGN SALES, GDP, GDP PER CAPITA, GLOBAL KNOWLEDGE, GLOBAL MARKET, GLOBAL MARKETS, GLOBALIZATION, GOVERNMENT SUBSIDIES, GRAPHIC DESIGNERS, GROWTH RATE, HARDWARE, HUMAN CAPITAL, IMAGE, INCOME, INDUSTRIAL DEVELOPMENT, INFORMATION SYSTEMS, INNOVATION, INNOVATION POLICY, INNOVATIONS, INPUT FACTORS, INTANGIBLE ASSET, INTANGIBLE ASSETS, INTELLECTUAL ASSETS, INTELLECTUAL PROPERTY, INTERNATIONAL COMPARISON, INTERNATIONAL MARKET, INTERNATIONAL MARKETS, INTERNATIONAL TRADE, INVENTORY, INVESTMENT DECISIONS, INVESTMENT IN KNOWLEDGE, INVESTMENT RATE, JOINT VENTURES, LABOR MARKET, LEARNING, LICENSE, LICENSE FEES, LICENSES, MANUFACTURING, MANUFACTURING INDUSTRIES, MARKET ECONOMY, MARKET FAILURES, MARKET REACH, MARKET RESEARCH, MARKET SHARE, MARKETING, MARKETPLACE, MEDIA, MEDIUM ENTERPRISES, NATIONAL TRAINING, NETWORKS, NEW TECHNOLOGY, NEWSLETTERS, OPEN ACCESS, OPERATING SYSTEMS, ORGANIZATIONAL CAPITAL, OUTDATED TECHNOLOGIES, OUTPUT PER CAPITA, PATENTS, PEER-TO-PEER, POLITICAL ECONOMY, PORTFOLIO, PRIVATE INVESTMENT, PRIVATE INVESTMENTS, PRIVATE PARTNERSHIPS, PRIVATE SECTOR, PRODUCTIVITY, PRODUCTIVITY GROWTH, PROGRAMS, PUBLIC FUNDS, PURCHASING, R&D, R&D SERVICES, RADIO, REGRESSION ANALYSIS, RESULT, RESULTS, RETAINED EARNINGS, RISK FACTOR, SERVICE CONTRACTS, SERVICE PROVIDERS, SOFTWARE DEVELOPMENT, SOFTWARE LICENSES, SOFTWARE SYSTEMS, SPECULATION, STOCKS, STORAGE CAPACITY, STRUCTURAL CHANGE, SUPERMARKETS, SUPPLIER, SUPPLIERS, SUPPLY CHAINS, TECHNICAL SUPPORT, TECHNICAL TRAINING, TECHNOLOGICAL DEVELOPMENT, TECHNOLOGICAL INNOVATION, TECHNOLOGY DEVELOPMENT, TECHNOLOGY TRANSFER, TELECOMMUNICATIONS, TERRORISM, TIME PERIOD, TOTAL FACTOR PRODUCTIVITY, TRADE FAIR, TRADE FAIRS, TRADEMARK, TRADEMARKS, TRAINING PROGRAMS, TRAINING SYSTEMS, USES, VALUE CHAINS, VOLATILITY, WEALTH, WEB, WORLD MARKETS