The main concern of this paper is to analyse the complementarities between the decisions to carry out both product and process innovations. We also try to identify the main determinants of the innovation activity as well as to separate the experience effect of the firm (capacities, routines as...

This paper explores the effect of fiscal incentives for R&D on innovation. Spain is considered one of the most generous countries in the OECD in fiscal treatment of R&D, yet our data reveal that tax incentives are little known and, especially, seldom used by firms. Restricting our empirical...

This paper explores the effect of persistence and manager ability in the decision to conduct product and process innovations. Managers make strategic decisions about the implementation of a better innovation activity in order to improve their firm’s performance in the market. Many empirical...

This paper explores the factors that influence the decision to apply R&D fiscal incentives in a sample of Spanish manufacturing firms. The observation that few innovative firms apply these incentives has motivated this analysis. We developed a model considering that behind the decision to use...

We provide comparative evidence on R&D tax credit and subsidy programs by studying whether firms' participation in each program exhibits state dependence and whether cross program interactions exist and are significant. We use a panel of manufacturing Spanish firms, which could use both types of...

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...