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

Adão Carvalho () and Beatriz Corchuelo Martínez-Azúa

Economics and Business Letters, 2013, vol. 2, issue 3, 116-127

Abstract: 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.

Date: 2013
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