ECONOMETRIC ANALYSIS OF EXPENDITURE ON RESEARCH AND DEVELOPMENT (R & D) IN BRAZIL
Keywords:
Innovation, R & D, Patents, Econometrics, Random-Walk.Abstract
This research aimed to examine the outlook for spending on R&D in Brazil and, more specifically, to evaluate the impact of these expenditures on national patent applications, and the impact on Gross Domestic Product (GDP) of the country. The analyzed series show the evolution aggregate of expenditures on R&D for the period analyzed. When disaggregated by major region, the data show that the Southeast and the South stand out in the application and granting of patents by the National Intellectual Property Institute (INPI). The estimation results of the seven proposed econometric models confirm the importance of public and private expenditures on GDP growth and increasing the amount of patents in the INPI. Another result of the estimations of this study demonstrate that such expenditures have behavior Random-Walk.
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