Innovation and R&D in Latin America and the Caribbean countries: a systematic literature review
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Innovation and R&D in Latin America and the Caribbean countries: a systematic literature review Marco Túlio Dinali Viglioni1 · Mozar José de Brito2 · Cristina Lelis Leal Calegario1 Received: 25 January 2020 © Akadémiai Kiadó, Budapest, Hungary 2020
Abstract After the groundbreaking works of Joseph Schumpeter, a burgeoning literature related to innovations emerged. As works in this tradition have progressed, the innovation literature has recognized that the keystone to stimulate innovation across all economies relies on Research and Development (R&D) activities. As well occur in all modern economies, innovation and R&D have drawn the attention of the academic literature and governments in Latin America and the Caribbean countries (LAC). However, the process of innovation and R&D investments in LAC have different signatures, which may result in a complex and fragmented literature. As a novelty, this research explains how innovation and R&D are fundamental in modern times and brings new systematic literature review of the state-of the-art in innovation and R&D in manufacturing industries across LAC. The results suggests that the LAC has great challenges and opportunities. The review demonstrates that after decades of investment, innovation and R&D gains prominence and firms invest more on these activities. However, the development and investment in these activities, especially considering the government support and firm cooperation are frustrating when compared to OECD countries and Asian Tigers’ economies, and yet much remains to be done by the governments. Keywords Integration review of pre-existing approaches · Innovation and R&D · Latin America and Caribbean countries · South America
* Marco Túlio Dinali Viglioni [email protected] Mozar José de Brito [email protected] Cristina Lelis Leal Calegario [email protected] 1
Department of Business and Economics, University of Lavras, University Campus, Lavras, MG 37200‑900, Brazil
2
Department of Agribusiness Management, University of Lavras, University Campus, Lavras, MG 37200‑900, Brazil
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Vol.:(0123456789)
Scientometrics
Introduction Innovation researches have emerged quickly and significantly as a topic of interest in areas, such as management, business and economics scholarship in the last decades. A very broad range of traditions in the field of innovation has repeatedly recognized the Research and Development (R&D) as the prime determinant element of technological innovation, since the groundbreaking work of Schumpeter (1942) “Capitalism, socialism and democracy”, Solow (1956) “A Contribution to the theory of economic growth”, Griliches (1979) “Issues in assessing the contribution of research and development to productivity growth” and Romer (1990) “Endogenous Technological Change”. After the milestone’s contributions of the past literature, a burgeoning contemporaneous literature was increased and established on the innovation and R&D fields. As such, Schumpeterian research has extensively investigated the role of innovation (Caste
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