Abstract
Empirical studies regarding the determinants of private and RD and (ii) what are the keyfactors to be considered when investments are made, particularly in R&D and innovation? To answer the first question we evaluated the impacts of macroeconomic variables on private investments, using a strategic bias and a long term vision plan. The estimates demonstrate empirical crowding-in evidence of public investments in infrastructure over private investments a s a real impact to innovation. As for public investments (non-infrastructural) we suggest that the crowding-in impact dislocates private investments. All these indicators were obtained as presented in the theory, with the exception of the real interest rates variable (r), in which we observed that the coefficient is positive and insignificant in the estimated equation.
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