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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Report
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Author Mohnen, Pierre
Palm, Franz
Schim van der Loeff, Sybrand
Tiwari, AmareshTitle 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 policyJEL O38 Copyright Holder UNU-MERIT Copyright Year 2008 ISSN 1871-9872 -
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