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A comparative analysis of business R&D policy in Spain and Portugal


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  • Adão Carvalho
  • Beatriz Corchuelo


This paper compares the R&D policy strategy of Spain and Portugal to promote business R&D, with particular attention to R&D objectives, incentives and outcomes. Despite having two of the most generous fiscal systems for R&D, their S&T indicators remain comparatively low compared with the EU average. Perhaps not expected, the BERD/GDP ratio in Portugal has grown at higher rates than that of Spain, leading to a faster approach of Portugal to Spain and the EU average, especially after 2005. On the contrary, the R&D growth rate in Spain has slowed down and began to decrease after 2008, coinciding with the implementation of a tax reform. There are lessons to be learned from each country’s R&D policy.

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Bibliographic Info

Article provided by Oviedo University Press in its journal Economics and Business Letters.

Volume (Year): 2 (2013)
Issue (Month): 3 ()

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Handle: RePEc:ove:journl:aid:10048

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