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Oil sector and technological development: Effects of the mandatory research and development (R&D) investment clause on oil companies in Brazil

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Mancini, Lorenzo and Paz Antolín, María José (2018) Oil sector and technological development: Effects of the mandatory research and development (R&D) investment clause on oil companies in Brazil. Resources Policy, 58 . pp. 131-143. ISSN 0301-4207

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Official URL: https://doi.org/10.1016/j.resourpol.2018.04.006



Abstract

The commodity boom at the turn of the millennium spawned growing interest in development strategies based on natural resources. The Brazilian government introduced a groundbreaking contractual clause to force oil companies to invest into research and development (R&D) 1% of gross revenues from large oilfields, with the aim of fostering technological development. To analyze the impacts of the R&D clause, we conducted 73 in-depth interviews with key informants from the oil sector. We also carried out a survey of 156 project coordinators. Our findings suggest that the R&D clause has strengthened the contribution to technological development by the national oil company, meanwhile involving new actors. The R&D clause has also boosted scientific research, technological capabilities, and innovation. However, it had a minor impact on fostering the relations between oil companies and service companies, and technology-based firms have played only a minor role.


Item Type:Article
Uncontrolled Keywords:R&D investment clause; Oil companies; Brazil; Economic development
Subjects:Social sciences > Economics > Economic law
Social sciences > Economics > Economic development
Social sciences > Economics > Business enterprises
ID Code:54879
Deposited On:03 Apr 2019 11:21
Last Modified:03 Apr 2019 11:21

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