Incentives for technological innovation: a study of the public policy of tax exemption in Brazil

Abstract The goal of this paper is to explain relations between investments in Research and Development - R&D and innovation’s outcomes between the 2009s and 2013s in companies that are encouraged by the Lei do Bem (Good Law), which regulates tax incentives for technological innovation. Econometric Logit models were estimated for fixed effects. The analysis results indicate that the probability of firms presenting innovations in general (in products, processes or services) or only in products depends on the size of the company and the amount invested in R&D, particularly it depends on the investment in human resources - HR. On the other hand, the chances of firms innovate in process are limited to the size of the company, the spending specifically to develop HR programs. The results confirm that investments in R&D from the beneficiaries produce innovation’s outcomes.

摘要 本研究旨在阐释2009年至2013年间，受《良好法案》（Lei do Bem）扶持的企业中，研发（Research and Development, R&D）投入与创新成果之间的关联关系；该法案旨在规范技术创新相关的税收激励政策。本研究构建带固定效应的计量Logit模型进行估计。分析结果表明，企业普遍实现创新（涵盖产品、工艺或服务创新）或仅实现产品创新的概率，取决于企业规模与研发投入规模，尤其取决于人力资源（Human Resources, HR）投入水平。另一方面，企业实现工艺创新的概率仅受企业规模以及专门用于人力资源项目的支出影响。研究结果证实，受益企业的研发投入能够催生创新成果。