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Institutions and industrial policy in Brazil after two decades: have we built the needed institutions?

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  • Wilson Suzigan
  • Renato Garcia
  • Paulo Henrique Assis Feitosa

Abstract

This paper aims to examine the design and implementation of industrial policy in Brazil based on their capacity to affect the prevailing institutions. We argue that the main reason for the failure of policies in Brazil, and in Latin America, is their inability to induce persistent changes in firms’ innovative behavior. Based on the analysis of national innovation indicators, and on previous empirical studies, we demonstrate that the Brazilian industrial policy was not able to change the prevailing conventions. The main problems related to this fragility are: institutional problems and related to industrial policy development conventions; serious coordination problems; maintaining a macroeconomic policy that is not convergent toward industrial policy efforts; policy instruments that were not able to change prevailing conventions, such as low R&D and innovative expenditures; a set of strategic choices that are inconsistent with innovation, technological catch-up and structural change.

Suggested Citation

  • Wilson Suzigan & Renato Garcia & Paulo Henrique Assis Feitosa, 2020. "Institutions and industrial policy in Brazil after two decades: have we built the needed institutions?," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 29(7), pages 799-813, October.
    • Handle: RePEc:taf:ecinnt:v:29:y:2020:i:7:p:799-813
    DOI: 10.1080/10438599.2020.1719629
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    Citations

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    Cited by:

    1. André Pineli & Rajneesh Narula, 2023. "Industrial policy matters: the co-evolution of economic structure, trade, and FDI in Brazil and Mexico, 2000–2015," Economia e Politica Industriale: Journal of Industrial and Business Economics, Springer;Associazione Amici di Economia e Politica Industriale, vol. 50(2), pages 399-444, June.
    2. Wang, Lin & Dilanchiev, Azer & Haseeb, Mohammad, 2022. "The environmental regulation and policy assessment effect on the road to green recovery transformation," Economic Analysis and Policy, Elsevier, vol. 76(C), pages 914-929.
    3. Renato Garcia & Ulisses Pereira dos Santos & Wilson Suzigan, 2020. "Industrial upgrade, economic catch-up and industrial policy in Brazil: general trends and the specific case of the mining industry [Upgrade industrial, catch-up econômico e política industrial no Bras," Nova Economia, Economics Department, Universidade Federal de Minas Gerais (Brazil), vol. 30(spe), pages 1089-1114, December.
    4. Liu, Fang & Chen, Houqun & Zhang, Shuwen, 2023. "Nexus among corruption, political instability and natural resources on economic recovery in Vietnam," Resources Policy, Elsevier, vol. 85(PB).
    5. Tao Zhai & Jiabin Liu & Daqing Wang, 2023. "Optimization path of agricultural products marketing channel based on innovative industrial chain," Economic Change and Restructuring, Springer, vol. 56(6), pages 3949-3977, December.
    6. Mardones, Cristian & Velásquez, Andrés, 2021. "Macroeconomic, intersectoral, and environmental effects of R&D subsidies in Chile: An input-output approach," Technological Forecasting and Social Change, Elsevier, vol. 173(C).
    7. Bingqiang Li & Shan Wang & Nannan Dong & Jinzhi Li & Xi Li & He Yu, 2023. "Empirical Analysis of Subsidy Industrial Policy’s Effect on Export Innovation in the Chinese Manufacturing," SAGE Open, , vol. 13(4), pages 21582440231, November.

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