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《Lei do Bem（良好法案）》（该法案规范技术创新领域的税收激励政策）扶持的企业中，研发（Research and Development，简称R&D）投入与创新产出之间的关联。本研究针对固定效应设定构建计量经济学Logit模型并完成参数估计。分析结果显示，企业实现一般性创新（涵盖产品、工艺或服务领域）或仅实现产品创新的概率，取决于企业规模与R&D投入规模，尤其受人力资源（Human Resources，简称HR）投入的显著影响。另一方面，企业实现工艺创新的概率仅与企业规模、以及专门用于人力资源项目的支出相关。本研究结果证实，受扶持企业的R&D投入确实能够转化为创新产出。