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Research and development expenditure in the business sector as indicator of knowledge economy: the Portuguese experience

Author

Listed:
  • Nuno Boavida

    () (IET/CESNOVA, Universidade Nova de Lisboa, Faculdade de Ciências e Tecnologia)

  • António Brandão Moniz

    () (IET/CESNOVA, Universidade Nova de Lisboa, Faculdade de Ciências e Tecnologia and ITAS, Karlsruhe Institute of Technology)

Abstract

The objective of the paper is to help to understand recent changes in the structure of R&D activities, by analyzing data on the expenditure of the business sector in research and development (R&D). The results are framed in an international context, through comparison with indicators from the most developed countries, divided by technological intensity and economic activity. The study reveals that the indicators of Portuguese R&D expenditure in the business sector are closely linked both to fiscal policy and to high foreign direct investment in knowledge-intensive industries. It also links these indicators to phenomena such as the abundance of skilled labor in pharmaceutical industries and the government intervention in some sectors of the economy (namely health and rail transportation).

Suggested Citation

  • Nuno Boavida & António Brandão Moniz, 2012. "Research and development expenditure in the business sector as indicator of knowledge economy: the Portuguese experience," IET Working Papers Series 04/2012, Universidade Nova de Lisboa, IET/CICS.NOVA-Interdisciplinary Centre on Social Sciences, Faculty of Science and Technology.
  • Handle: RePEc:ieu:wpaper:43
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    File URL: http://hdl.handle.net/10362/8222
    File Function: First version, 2012
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    Cited by:

    1. Böhle, Knud & Moniz, António, 2015. "No Countries for Old Technology Assessment? Sketching the Efforts and Opportunities to Establish Parliamentary TA in Spain and Portugal," EconStor Open Access Articles, ZBW - German National Library of Economics, pages 29-44.

    More about this item

    Keywords

    business sector; R&D; technology intensity; knowledge-intensive industries;

    JEL classification:

    • L52 - Industrial Organization - - Regulation and Industrial Policy - - - Industrial Policy; Sectoral Planning Methods
    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology
    • O38 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Government Policy

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