Financial Constraints and Other Obstacles: Are they a Threat to Innovation Activity?

Mohnen, Pierre, Palm, Franz, Schim van der Loeff, Sybrand and Tiwari, Amaresh (2008). Financial Constraints and Other Obstacles: Are they a Threat to Innovation Activity?. UNU-MERIT.

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  • Author Mohnen, Pierre
    Palm, Franz
    Schim van der Loeff, Sybrand
    Tiwari, Amaresh
    Title Financial Constraints and Other Obstacles: Are they a Threat to Innovation Activity?
    Publication Date 2008
    Publisher UNU-MERIT
    Abstract In this paper we examine the importance of financial and other obstacles to innovation in the Netherlands using statistical information from the CIS 3.5 innovation survey. We report results on the effect of these obstacles on the firms' decision to abandon, prematurely stop, seriously slow down, or not to start an innovative project. These results are compared with those from other studies in the Netherlands and other countries. We end with a discussion of policy measures that have been taken to overcome, or at least attenuate these obstacles, such as R&D tax incentives, venture capital financing and policy mix pakages.
    Keyword Financial constraints
    Innovation
    Innovation policy
    JEL O38
    Copyright Holder UNU-MERIT
    Copyright Year 2008
    ISSN 1871-9872
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    Created: Wed, 11 Dec 2013, 15:47:05 JST