Does BNDES innovation credit boost firms' R&D expenditures?: evidence from Brazilian panel data

Detalhes bibliográficos
Autor(a) principal: Machado, Luciano
Data de Publicação: 2017
Outros Autores: Martini, Ricardo Agostini, Gama, Marina Moreira da
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Biblioteca Digital do Banco Nacional de Desenvolvimento Econômico e Social
Texto Completo: http://web.bndes.gov.br/bib/jspui/handle/1408/13595
Resumo: Bibliografia: p. 15-16
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spelling Machado, LucianoMartini, Ricardo AgostiniGama, Marina Moreira da2017-10-26T20:09:23Z2018-03-19T17:31:39Z2017-10-26T20:09:23Z2018-03-19T17:31:39Z2017-10MACHADO, Luciano; MARTINI, Ricardo Agostini; GAMA, Marina Moreira da. Does BNDES innovation credit boost firms' R&D expenditures?: evidence from Brazilian panel data. [S.l. : s.n.], 2017. 16 p.http://web.bndes.gov.br/bib/jspui/handle/1408/13595Bibliografia: p. 15-16We evaluate the effects of BNDES direct credit support for R&D on firms' innovation efforts. We use data from Pesquisa de Inovação (Pintec, IBGE) for the period of 2003-2014, a Brazilian firm-level data set that surveys innovation activities, and BNDES data on credit for innovation over the period 2004-2014, to estimate the effects of credit on firms' R&D Expenditures. We adopt a Fixed Effects (FE) approach to deal with the endogeneity problem associated to the selection of firms that received BNDES innovation credit and estimate the impact of BNDES support. We also use a complementary approach based on the Difference-in-Differences estimator. Our findings show evidence of positive and significant effects of BNDES credit on firms' R&D expenditures for both estimators. Based on FE estimates, we obtain BNDES-supported firms tend to invest at least 30% more on R&D than non-supported companies in the analyzed period.16 p.Banco Nacional de Desenvolvimento Econômico e Social (Brasil) - FinanciamentoBrazilian Development Bank - FinancingInovação - Brasil - FinanciamentoInnovation - Brazil - FinancingPesquisa e desenvolvimentoResearch and developmentBanco Nacional de Desenvolvimento Econômico e Social (Brasil) - Financiamento - TabelasBrazilian Development Bank - Financing - TablesDoes BNDES innovation credit boost firms' R&D expenditures?: evidence from Brazilian panel datainfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/article5TextualProdução BNDESengreponame:Biblioteca Digital do Banco Nacional de Desenvolvimento Econômico e Socialinstname:Banco Nacional de Desenvolvimento Econômico e Social (BNDES)instacron:BNDESinfo:eu-repo/semantics/openAccessORIGINALBNDES_Innovation_WorkingPaper.pdfapplication/pdf217733http://web.bndes.gov.br/bib/jspui/bitstream/1408/13595/1/BNDES_Innovation_WorkingPaper.pdf3ba9b3fcc2e1e4fb22a23ef13f154855MD51LICENSElicense.txttext/plain407http://web.bndes.gov.br/bib/jspui/bitstream/1408/13595/2/license.txtaeb6b64eb9f816a596cef5045906f205MD521408/135952023-04-18 18:03:43.534oai:web.bndes.gov.br: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Repositório Temáticohttps://web.bndes.gov.br/bib/jspui/PUBhttp://web.bndes.gov.br/bib/oai/requestbiblioteca.digital@bndes.gov.bropendoar:https://web.bndes.gov.br/bib/jspui/?locale=pt_BR2023-04-18T18:03:43Biblioteca Digital do Banco Nacional de Desenvolvimento Econômico e Social - Banco Nacional de Desenvolvimento Econômico e Social (BNDES)false
dc.title.pt_BR.fl_str_mv Does BNDES innovation credit boost firms' R&D expenditures?: evidence from Brazilian panel data
title Does BNDES innovation credit boost firms' R&D expenditures?: evidence from Brazilian panel data
spellingShingle Does BNDES innovation credit boost firms' R&D expenditures?: evidence from Brazilian panel data
Machado, Luciano
Banco Nacional de Desenvolvimento Econômico e Social (Brasil) - Financiamento
Brazilian Development Bank - Financing
Inovação - Brasil - Financiamento
Innovation - Brazil - Financing
Pesquisa e desenvolvimento
Research and development
Banco Nacional de Desenvolvimento Econômico e Social (Brasil) - Financiamento - Tabelas
Brazilian Development Bank - Financing - Tables
title_short Does BNDES innovation credit boost firms' R&D expenditures?: evidence from Brazilian panel data
title_full Does BNDES innovation credit boost firms' R&D expenditures?: evidence from Brazilian panel data
title_fullStr Does BNDES innovation credit boost firms' R&D expenditures?: evidence from Brazilian panel data
title_full_unstemmed Does BNDES innovation credit boost firms' R&D expenditures?: evidence from Brazilian panel data
title_sort Does BNDES innovation credit boost firms' R&D expenditures?: evidence from Brazilian panel data
author Machado, Luciano
author_facet Machado, Luciano
Martini, Ricardo Agostini
Gama, Marina Moreira da
author_role author
author2 Martini, Ricardo Agostini
Gama, Marina Moreira da
author2_role author
author
dc.contributor.author.fl_str_mv Machado, Luciano
Martini, Ricardo Agostini
Gama, Marina Moreira da
dc.subject.por.fl_str_mv Banco Nacional de Desenvolvimento Econômico e Social (Brasil) - Financiamento
Brazilian Development Bank - Financing
Inovação - Brasil - Financiamento
Innovation - Brazil - Financing
Pesquisa e desenvolvimento
Research and development
Banco Nacional de Desenvolvimento Econômico e Social (Brasil) - Financiamento - Tabelas
Brazilian Development Bank - Financing - Tables
topic Banco Nacional de Desenvolvimento Econômico e Social (Brasil) - Financiamento
Brazilian Development Bank - Financing
Inovação - Brasil - Financiamento
Innovation - Brazil - Financing
Pesquisa e desenvolvimento
Research and development
Banco Nacional de Desenvolvimento Econômico e Social (Brasil) - Financiamento - Tabelas
Brazilian Development Bank - Financing - Tables
description Bibliografia: p. 15-16
publishDate 2017
dc.date.accessioned.fl_str_mv 2017-10-26T20:09:23Z
2018-03-19T17:31:39Z
dc.date.available.fl_str_mv 2017-10-26T20:09:23Z
2018-03-19T17:31:39Z
dc.date.issued.fl_str_mv 2017-10
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
format article
status_str publishedVersion
dc.identifier.citation.fl_str_mv MACHADO, Luciano; MARTINI, Ricardo Agostini; GAMA, Marina Moreira da. Does BNDES innovation credit boost firms' R&D expenditures?: evidence from Brazilian panel data. [S.l. : s.n.], 2017. 16 p.
dc.identifier.uri.fl_str_mv http://web.bndes.gov.br/bib/jspui/handle/1408/13595
identifier_str_mv MACHADO, Luciano; MARTINI, Ricardo Agostini; GAMA, Marina Moreira da. Does BNDES innovation credit boost firms' R&D expenditures?: evidence from Brazilian panel data. [S.l. : s.n.], 2017. 16 p.
url http://web.bndes.gov.br/bib/jspui/handle/1408/13595
dc.language.iso.fl_str_mv eng
language eng
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv 16 p.
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reponame_str Biblioteca Digital do Banco Nacional de Desenvolvimento Econômico e Social
collection Biblioteca Digital do Banco Nacional de Desenvolvimento Econômico e Social
bitstream.url.fl_str_mv http://web.bndes.gov.br/bib/jspui/bitstream/1408/13595/1/BNDES_Innovation_WorkingPaper.pdf
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