Template-type: ReDIF-Paper 1.0
Author-Name: Mohnen, Pierre
Author-Email: p.mohnen@merit.unimaas.nl
Author-Workplace-Name: UNU-MERIT and University of Maastricht
Author-Name: Palm, Franz
Author-Email: f.palm@KE.unimaas.nl
Author-Workplace-Name: University of Maastricht
Author-Name: Schim van der Loeff, Sybrand
Author-Email: s.loeff@ke.unimaas.nl
Author-Workplace-Name: University of Maastricht
Author-Name: Tiwari, Amaresh
Author-Email: a.tiwari@ke.unimaas.nl
Author-Workplace-Name: University of Maastricht 
Title: Financial Constraints and Other Obstacles: Are they a Threat to
	 Innovation Activity?
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.
Classification-JEL: O38
Keywords: Financial Constraints, Innovation, Innovation Policy
Series: UNU-MERIT Working Papers
Creation-Date: 2008
Number: 006
File-URL: http://www.merit.unu.edu/publications/wppdf/2008/wp2008-006.pdf
File-Format: application/pdf
File-Size: 275 Kb
Handle: RePEc:unm:unumer:2008006