THE ROLE OF THE BANKING SYSTEM IN THE FINANCING OF INNOVATION FOR BRAZILIAN STATES

Lúcio Otávio Seixas Barbosa (), Gustavo Figueiredo Campolina Diniz () and Douglas Alcântara Alencar ()
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Lúcio Otávio Seixas Barbosa: Universidade Federal de Minas Gerais
Gustavo Figueiredo Campolina Diniz: Universidade Federal de Minas Gerais
Douglas Alcântara Alencar: Universidade Federal de Minas Gerais

Revista de Economia Mackenzie (REM), 2014, vol. 12, issue 1, 87-111

Abstract: This paper seeks to understand the relationship between innovative activity and its Brazilian form of financing. The question that guides this work is: “It can be considered that the financial sector contributes to the financing of the innovation of Brazilian states between 2000 and 2010?†. The data used are: patents per capita, GDP per capita agency (proxy for the level of centrality of a city), loans to corporations and government spending on R&D. The statistical methodology is regression panel data. The results point to the loss of relevance of the level of centrality of a place as a determinant of patent applications, the empirical exercise suggests that the private financial system innovation funding for the acquisition of machinery and equipment.

Keywords: Financial system; Innovation; Regional economy. (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:aft:journl:v:12:1:2014:2015:p:87-111

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