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

Sybrand Schim van der Loeff, Pierre Mohnen, Franz Palm and Amaresh K. Tiwari

No 2204, CESifo Working Paper Series from CESifo

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 packages.

Keywords: financial constraints; innovations; innovation policy (search for similar items in EconPapers)
JEL-codes: D21 O31 O38 (search for similar items in EconPapers)
Date: 2008
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (112)

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Related works:
Journal Article: Financial Constraints and Other Obstacles: are they a Threat to Innovation Activity? (2008)
Working Paper: Financial Constraints and Other Obstacles: Are they a Threat to Innovation Activity? (2008)
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Persistent link: https://EconPapers.repec.org/RePEc:ces:ceswps:_2204

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