Abstract
This research investigates innovation in Brazil, one of the largest emerging economies in Latin America. More specifically, we aim to understand how innovation activities conducted in Brazilian industrial sectors (innovation input) are related to and affect innovation results (innovation output). The paper presents a quantitative analysis of a comprehensive nation-wide, government-sponsored innovation survey (PINTEC), covering more than 30,000 companies and 34 industrial sectors. Data from PINTEC reports were analyzed by means of PCA and 2SLS regression. Our results show that Brazilian industry tends to adopt two main opposite innovation strategies: market-orientation or technology-acquisition. The market-orientation strategy prioritizes internal and external R&D activities as well as commercialization and product launch activities; these activities showed a positive effect on innovation output. On the other hand, a technology-acquisition strategy based on industrial machinery and equipment acquisition showed a negative effect on innovation output. Moreover, our results show that innovation efforts that concentrate investments on software acquisition also generate negative results on innovation outputs. Our results shed light on critical aspects of innovation in the Brazilian emergent economy that provide insights and contributions for both managers and policy makers.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
