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The Role Of The Banking System In The Financing Of Innovation For Brazilian States

Author

Listed:
  • 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)

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.

Suggested Citation

  • Lúcio Otávio Seixas Barbosa & Gustavo Figueiredo Campolina Diniz & Douglas Alcântara Alencar, 2014. "The Role Of The Banking System In The Financing Of Innovation For Brazilian States," Revista de Economia Mackenzie (REM), Mackenzie Presbyterian University, Social and Applied Sciences Center, vol. 12(1), pages 87-111, 2014-2015.
    • Handle: RePEc:aft:journl:v:12:1:2014:2015:p:87-111
    DOI: -
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