Impulso-Resposta Do Choque De Inovação Tecnológica À Luz Da Teoria Dos Ciclos Reais De Negócios (Rbc): O Caso Do Setor Agropecuário Brasileiro

Technological innovations in agribusiness world did not allow the Malthusian theory became a reality. According to studies by the Food and Agriculture Organization of the United Nations (FAO), the introduction of more refined techniques of cultivation and soil treatment, as well as the findings of chemical fertilizers and genetically modified crops have led to a remarkable growth of agricultural productivity. This study adopts the CBR as the theoretical basis of empirical development to test the effects of a shock of technological innovation in the economy. In this context, the objective is to measure the effects of the clash of national technological innovation in agriculture through the application of RBC, using as a tool for estimating the program Matlab and Dynare software to create an artificial economy-related variables capital, hours worked, consumption and technology shock. The estimates showed that in all parameters analyzed, the impact of innovation in technology has brought positive impulseresponses in future periods, either in a pet, be it in two. If possible also concluded that innovation is critical to agribusiness and the encouragement of scientific areas related to agriculture, such as biotechnology and pharmaceuticals, contributes greatly to the performance of the sector.