Searching. Please wait…
1585
37
171
29483
4423
2609
347
395
Abstract: One of the most unanimous results of the economic literature is that innovation is a critical factor for sustained growth. Despite this consensus, previous research has not studied the impact of foreign aid devoted to promote developing countries’ innovation capacities. For this reason, this paper analyzes the impact of Official Development Assistance for Science and Technology (ODA-ST) in the period prior to the last international economic recession. The analysis offers five important conclusions for better tailoring aid policies: i) ODA-ST effectively stimulates economic growth; ii) its impact may be higher in countries with low innovation capacities; iii) innovation exerts the strongest impact on growth; iv) income inequalities are an important obstacle for growth; and v) there is a a slow process of divergence in per capita income levels among developing countries. Therefore innovation is confirmed as a strategic “bet” on development, while focusing public foreign aid on enhancing developing countries’ innovation capacities —specially in the least innovative ones— may constitute a “boost” to the effectiveness of aid.
Fuente: Revista INTERNACIONAL de COOPERACIÓN y DESARROLLO ISSN (online): 2382-5014 VOL. 2, NÚM. 1. ENERO - JUNIO, 2015
Publisher: Universidad de San Buenaventura
Year of publication: 2015
No. of pages: 32
Publication type: Article
ISSN: 2382-5014
Google Scholar
Citations
UCrea Repository
AINOA QUIÑONES MONTELLANO
SERGIO TEZANOS VAZQUEZ
Back