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The primacy of demand and financial obstacles in hindering innovation

Andres Zahler (), Daniel Goya and Matías Caamaño

Technological Forecasting and Social Change, 2022, vol. 174, issue C

Abstract: We study the effects of different types of obstacles to innovation on the probability of obtaining different firm-level innovation outcomes. We consider financial, knowledge, cooperation, regulatory and demand-related obstacles, which we separate into two categories: market structure and lack or uncertainty about demand.

Keywords: innovation obstacles; financial and demand barriers to innovation; sectoral heterogeneity; instrumental variables; demand for innovation (search for similar items in EconPapers)
JEL-codes: D22 O31 O32 (search for similar items in EconPapers)
Date: 2022
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DOI: 10.1016/j.techfore.2021.121199

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