Inflação e o valor da inovação: como a inflação afeta a inovação e a estratégia de valor das firmas

Autores/as

DOI:

https://doi.org/10.52292/j.estudecon.2021.2334

Palabras clave:

inovação, inflação, I&D

Resumen

O presente estudo analisa os efeitos da inflação nos investimentos em P&D e no crescimento orientado pela inovação. Para isto, foi construído um modelo de crescimento orientado pela inovação de forma que as firmas investem recursos próprios e captam outros recursos junto às instituições financeiras. Os custos dos empréstimos dependem da taxa de juros cobrada pelas instituições financeiras. Em um regime de metas, a autoridade monetária ajusta a taxa de juros nominal no intuito de fazer convergir a inflação corrente para a meta estabelecida. Este processo ajusta a taxa de juros cobrada pelas instituições financeiras elevando o custo de oportunidade dos investimentos. Como resultado, o aumento da inflação promove uma redução na demanda por investimentos em P&D, reduzindo a taxa de progresso tecnológico. No exercício empírico do modelo, o coeficiente estimado de elasticidade dos investimentos em P&D é negativamente afetado pela inflação.

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2021-02-08

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Rocha, L. A., Cárdenas, L. Q., Reis, F. A., Araújo Silva, N. G., & Soares de Almeida, C. A. (2021). Inflação e o valor da inovação: como a inflação afeta a inovação e a estratégia de valor das firmas. Estudios económicos, 38(76), 147–195. https://doi.org/10.52292/j.estudecon.2021.2334

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Vol. 38 Núm. 76 (2021)

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