Impactos da política na acumulação da riqueza dos estados brasileiros: a contribuição dos investimentos em infraestrutura e dos esforços em inovação

Abstract

The aim of this study is to analyze the impact of infrastructure investments and efforts in innovation in the accumulation of wealth of States. To test the assumptions, was adopted the quantile regression method in order to analyze the impact of investments in different income levels. The results of the model show that in less developed economies and low income, lack of infrastructure makes the effect of the higher investment compared to more developed economies and with high income. According as the economy approaches the ‘frontier’ (high income), the business dynamic will reducing the opportunity costs in the investments in S&T, changing the demand for skilled labor needed to sustain the displacement of the frontier. The absence of this understanding can lead to an inefficient allocation of resources in generating growth in Brazilian States.