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Innovation And Economic Growth: A Dynamic Panel Analysis For Brazil

Author

Listed:
  • Silvio da Rosa Paula

    (Universidade Federal de Pelotas (UFPel))

  • Mariana Fialho Ferreira

    (Universidade Federal do Espírito Santo (Ufes))

  • Daniel de Abreu Pereira Uhr

    (Universidade Federal de Pelotas (UFPel))

  • Julia Gallego Ziero Uhr

    (Universidade Federal de Pelotas (UFPel))

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-S-tep 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.

Suggested Citation

  • Silvio da Rosa Paula & Mariana Fialho Ferreira & Daniel de Abreu Pereira Uhr & Julia Gallego Ziero Uhr, 2021. "Innovation And Economic Growth: A Dynamic Panel Analysis For Brazil," Revista de Economia Mackenzie (REM), Mackenzie Presbyterian University, Social and Applied Sciences Center, vol. 18(2), pages 109-134, July-Dece.
    • Handle: RePEc:aft:journl:v:18:2:2021:jul:dec:p:109-134
    DOI: -
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    More about this item

    Keywords

    Economic growth; Dynamic panel data models; Generalized method of moments (GMM); Innovation; Patents.;
    All these keywords.

    JEL classification:

    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
    • C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data; Spatio-temporal Models

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