INOVAÇÃO E CRESCIMENTO ECONÔMICO: UMA ANÁLISE EM PAINEL DINÂMICO PARA O BRASIL
Abstract
The main goal of this paper is to test the hypothesis that innovation influences economic growth in Brazil. To this end, we use as proxies for innovation deposits and concessions of applications for patents of invention and utility models of residents in the 26 brazilian states and the Federal District, for the period from 2000 to 2015. Moreover, we use the expenditures on research and development (R&D) among additional regressors. In the empirical analysis we use the Two-Step System-GMM method, for dynamic panels, with Windmeijer’s correction of the standard errors for finite sample. The results indicate that all tested innovation measures contribute positively to the economic growth of the federative units. However, R&D expenditures were not statistically significant in explaining economic growth.
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