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

Sun, 08/31/2008 - 12:52 — Cristina Sette

Publication Type:

Miscellaneous

Authors:

P. Mohnen; F. C. Palm; S. Schim van der Loeff; A. Tiwari

Source:

Working Paper Series 6, United Nations University - Maastricht Economic and social Research and training centre on Innovation and Technology, Maastricht (2008)

Keywords:

Financial constraints; Innovation; Innovation Policy

Abstract:

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.

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