Mancini, LorenzoPaz Antolín, María José2023-06-172023-06-1720180301-420710.1016/j.resourpol.2018.04.006https://hdl.handle.net/20.500.14352/18758The 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.engjournal articlehttps://doi.org/10.1016/j.resourpol.2018.04.006open access658R&D investment clauseOil companiesBrazilEconomic developmentDerecho económicoDesarrollo económicoEmpresas5307.03 Modelos y Teorías del desarrollo Económico5307.04 Estudios del desarrollo Económico5311 Organización y Dirección de Empresas