Texto para Discussão, Instituto de Pesquisa Econômica Aplicada (IPEA) 1360
The availability of innovation surveys as Pintec provides better understanding about the innovation process and shall contribute to better design of public policies aiming at the boast in the innovation activities. This work exploits the Brazilian innovation survey, Pintec, departing from the concept of innovation height or novelty, distinguishing between radical and incremental innovations, assessing their relationship with some determinants and shedding light on the role of intagibles. The effect of the innovation height on productivity measures shows that innovation height has a strong and important impact on productivity growth. This paper indicates that in analysis and policy making it is relevant to distinguish innovation regarding novelty, due to the complexity of the issue and the different consequences to the economy. Points out the necessity of policies aiming at minimizing the risk of the innovation process which increases with novelty. And indicates too the Pintec provides valid information to do that.