The role of a special insurance agency for loans in Brazil

Vol. 22 No. 2 (2002)

Apr-Jun / 2002
Published April 1, 2002
PDF-Portuguese (Português (Brasil))
PDF-Portuguese (Português (Brasil))

How to Cite

Sicsú, João, and Eduardo da Motta e Albuquerque. 2002. “The Role of a Special Insurance Agency for Loans in Brazil”. Brazilian Journal of Political Economy 22 (2):316-33. https://doi.org/10.1590/0101-31572002-1009.

The role of a special insurance agency for loans in Brazil

João Sicsú
Professor Adjunto do Departamento de Economia da Universidade Federal Fluminense (UFF).
Eduardo da Motta e Albuquerque
Professor Adjunto do Cedeplar da Universidade Federal de Minas Gerais (UFMG).
Brazilian Journal of Political Economy, Vol. 22 No. 2 (2002), Apr-Jun / 2002, Pages 316-333

Abstract

This paper suggests a Special Insurance Agency (SIA) for the financing of innovative investments. The objective of this Agency is to establish a link between the banking system and the innovation system. This paper evaluates the Brazilian banking system and the national system of innovation and suggests an institutional innovation. This Special Insurance Agency would support an increase in the amount of private resources allocated to the financing of innovative activities, both for established firms and for new firms. This Special Insurance Agency might rearrange the division of labor among the institutions of the Brazilian system of innovation.

JEL Classification: G2; O3.


Keywords: Innovation systems financial systems