The Effect of \'Lei do Bem\' on stimulate the R&D investment: an analysis using panel data

Author(s)

Edson Shimada

• Document type: Master's Dissertation
• Press: Ribeirão Preto.
• Institution: Universidade de São Paulo (USP). Faculdade de Economia, Administração e Contabilidade de Ribeirão Preto (PCARP/BC)
• Defense date: 2013-06-07

Examining board members

Sérgio Kannebley Júnior; Fernanda de Negri; Sérgio Naruhiko Sakurai

• Advisor: Sérgio Kannebley Júnior

Abstract

The objective of this work is to contribute to the empirical literature that evaluates the effectiveness of public support on private R&D with Brazilian firms data. In particular was evaluated an instrument of fiscal incentive called ,,Lei do Bem\". The evaluation was conducted applying econometric approach using microdata of industrial firms. A matching was conducted and estimated empirical investment equation with panel data. The effect was evaluated in full sample and dividing by technological intensity, the dosage effect was also considered. The results indicate a positive impact on the expenditure in R&D, rejecting the crowding-out hypothesis. (AU)

• FAPESP's process: 11/17021-5 - Effectiviness instruments of incentive for R&D investment: A panel data analysis
• Grantee: Edson Shimada
• Support Opportunities: Scholarships in Brazil - Master