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

Nuno Filipe Boavida () and António Moniz ()

No 04/2012, IET Working Papers Series from Universidade Nova de Lisboa, IET/CICS.NOVA-Interdisciplinary Centre on Social Sciences, Faculty of Science and 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).

Keywords: business sector; R&D; technology intensity; knowledge-intensive industries (search for similar items in EconPapers)
JEL-codes: L52 O14 O38 (search for similar items in EconPapers)
Pages: 22 pages
Date: 2012-03
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http://hdl.handle.net/10362/8222 First version, 2012 (application/pdf)

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Persistent link: https://EconPapers.repec.org/RePEc:ieu:wpaper:43

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