Abstract
Considering important studies on innovations such as those by Schumpeter (1982)SCHUMPETER, J. A. A teoria do desenvolvimento econômico. São Paulo: Abril Cultural, 1982., Dosi (1982)DOSI, G. Technological paradigms and technological trajectories: a suggested interpretation of the determinants and directions of technical change. Research policy, v. 11, n. 3, p. 147-162, June 1982. and, especially, Mazzucato and Penna (2016)MAZZUCATO, M.; PENNA, C. The Brazilian innovation system: a mission-oriented policy proposal. Avaliação de Programas em CT&I. Apoio ao Programa Nacional de Ciência (plataformas de conhecimento). Brasília, DF: Centro de Gestão e Estudos Estratégicos, 2016. Available at: . Acesso em: 10 maio 2018., in which they analyzed Brazil's system of innovations, pointing out the macroeconomic regime as a major weakness, this paper’s objective is to analyze and discuss the relationships between selected macroeconomic variables (such as exchange, interest and inflation rates and industrial production) and innovations in Brazil. For this, a vector of error correction (VEC) model is estimated. The results found a negative relationship between innovation and the macroeconomic variables of interest and inflation rates, a positive relationship with industrial production and with innovation itself, and a negative relationship with a short-term exchange rate depreciation immediately after the shock but becoming positive after a few periods.
Keywords:
Innovation; Economic Policies; Território brasileiro
Source: Authors own using Eviews 9.0.
Source: Authors own using Eviews 9.0.