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

Author

Listed:
  • Mohnen, Pierre

    (UNU-MERIT and University of Maastricht)

  • Palm, Franz

    (University of Maastricht)

  • Schim van der Loeff, Sybrand

    (University of Maastricht)

  • Tiwari, Amaresh

    (University of Maastricht)

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 pakages.

Suggested Citation

  • Mohnen, Pierre & Palm, Franz & Schim van der Loeff, Sybrand & Tiwari, Amaresh, 2008. "Financial Constraints and Other Obstacles: Are they a Threat to Innovation Activity?," MERIT Working Papers 2008-006, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
    • Handle: RePEc:unm:unumer:2008006
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    References listed on IDEAS

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    More about this item

    Keywords

    Financial Constraints; Innovation; Innovation Policy;
    All these keywords.

    JEL classification:

    • O38 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Government Policy

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    This paper has been announced in the following NEP Reports:

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