The Role of Obstacles to Innovation on Innovative Activities: an Empirical Analysis

Andres Zahler (), Daniel Goya and Matías Caamaño

No 2018-02, Working Papers from Escuela de Negocios y Economía, Pontificia Universidad Católica de Valparaíso

Abstract: We study the effect of different types of barriers to innovation (financial, demand, knowledge, market, cooperation, and regulatory barriers) on firm level innovation inputs and outputs. Using a pooled sample of three Chilean innovation surveys, based on an instrumental variables approach, we find that the probability of generating innovation outcomes is significantly reduced by demand and financial barriers. Regarding inputs for innovation, we find a clear negative relationship between financial and demand obstacles and the propensity to incur (non-R&D) innovation expenditures, but not with its intensity. We also provide evidence of heterogeneous effects across sectors, finding that knowledge obstacles are relevant for manufacturing and market structure obstacles for services, while demand and financial obstacles appear to matter across the board.

Keywords: Financial and non-financial barriers to innovation; sectoral heterogeneity in innovation barriers; potential innovators; instrumental variables. (search for similar items in EconPapers)
JEL-codes: D22 O31 O32 (search for similar items in EconPapers)
Date: 2018-12
New Economics Papers: this item is included in nep-cse, nep-eur, nep-ino, nep-sbm, nep-tid and nep-ure
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Citations: View citations in EconPapers (2)

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Working Paper: The Role of Obstacles to Innovation on Innovative Activities: An Empirical Analysis (2018)
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Persistent link: https://EconPapers.repec.org/RePEc:ucv:wpaper:2018-02

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