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How Has the Portuguese Innovation Capability Evolved? Estimating a Time Series of the Stock of Technological Knowledge, 1960-2001

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  • Aurora A. C. Teixeira

    () (CEMPRE, Faculdade de Economia da Universidade do Porto)

Abstract

The importance of promoting innovation has been elevated up to a status of official standard since the Lisbon European Summit in 2000. Here research and development (R&D) was singled out as an essential element of the foundation on which innovation could be built. R&D has been a growing area of investigation namely at level of firms micro studies aimed at uncovering firms’ innovation capability. At the macro level, the relevance of R&D for countries’ innovation capability has been, in a dynamic perspective, more often presumed rather than effectively tested. This latter limitation is, to a large extent, explained by the paucity of aggregated continuous time series on innovation indicators specifically those based on R&D expenditures. This paper aims at filling this gap by providing an estimate of the Portuguese innovation capability over the two last four decades based on the accumulated R&D efforts. Such indicator, albeit preliminary, will desirably endorse new investigation on the Portuguese catching-up process and, in this way, might inform present and future public programs related to R&D policies in particular and innovation policies in general.

Suggested Citation

  • Aurora A. C. Teixeira, 2004. "How Has the Portuguese Innovation Capability Evolved? Estimating a Time Series of the Stock of Technological Knowledge, 1960-2001," FEP Working Papers 153, Universidade do Porto, Faculdade de Economia do Porto.
  • Handle: RePEc:por:fepwps:153
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    References listed on IDEAS

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    More about this item

    Keywords

    Innovation; R&D expenditures; measurement; economic growth;

    JEL classification:

    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • C19 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Other
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General

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    1. Socio-Economics of Innovation

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