Institutional Changes and Innovation in the Brazilian Petroleum Industry
Article from: OGEL 3 (2004), in Energy, Institutional Reforms and Development in Latin America
English Abstract
The institutional change that has taken place in the legislation regarding petroleum, which has brought Petrobras' position as a monopoly to an end, has also brought with it important implications in the dynamics of the sectoral system of Brazilian innovation in the petroleum industry. During the phase of monopoly (Phase I), the institutional set-up guaranteed that a certain convergence would be reached among the different functions in the sectoral system of innovation, for Petrobras financed, coordinated, carried out and made use of the new knowledge. At the same time, this ...