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The Role of Human Capital in Lowering the Barriers to Engaging in Innovation: Evidence from the Spanish Innovation Survey

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  • Pablo D'Este
  • Francesco Rentocchini
  • Jaider Vega-Jurado

Abstract

This paper focuses on the role of human capital in reducing the barriers to firms' engagement in innovation activities. The paper distinguishes between firms facing barriers that stop them from engaging in any innovation activity, and firms that face impediments in the course of their innovation activity. We investigate whether human capital has a particularly strong impact in relation to lowering barriers among the former group of firms, since a strong skill base is likely to compensate for lack of experience in innovation-related activities or the complementary assets needed for innovation. We draw on four waves of the Spanish Innovation Survey and examine the impact of human capital on three types of obstacles to innovation: cost, knowledge and market barriers. We find that human capital has a significant impact on reducing the barriers to innovation represented by knowledge shortages and market uncertainties.

Suggested Citation

  • Pablo D'Este & Francesco Rentocchini & Jaider Vega-Jurado, 2014. "The Role of Human Capital in Lowering the Barriers to Engaging in Innovation: Evidence from the Spanish Innovation Survey," Industry and Innovation, Taylor & Francis Journals, vol. 21(1), pages 1-19, January.
  • Handle: RePEc:taf:indinn:v:21:y:2014:i:1:p:1-19
    DOI: 10.1080/13662716.2014.879252
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    References listed on IDEAS

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    1. Amaresh K. Tiwari & Pierre Mohnen & Franz C. Palm & Sybrand Schim Loeff, 2008. "Financial Constraint and R&D Investment: Evidence from CIS," Palgrave Macmillan Books, in: Cees Beers & Alfred Kleinknecht & Roland Ortt & Robert Verburg (ed.), Determinants of Innovative Behaviour, chapter 10, pages 217-242, Palgrave Macmillan.
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