Assessing the Impacts of Market Failures on Innovation Investment in Uruguay

Abstract: This paper analyzes the effects of financial and nonfinancial obstacles to innovation on Uruguayan firms. We contribute to the literature by including the role of systemic and institutional factors affecting the different stages of the innovation process. The empirical analysis is based on...

Descripción completa

Guardado en:

Detalles Bibliográficos
Autores principales:	Bukstein,Daniel, Hernández,Elisa, Usher,Ximena
Lenguaje:	Spanish / Castilian
Publicado:	Universidad Alberto Hurtado. Facultad de Economía y Negocios 2019
Materias:	CDM model financial and non-financial barriers to innovation innovative firms Uruguay
Acceso en línea:	http://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0718-27242019000400137
Etiquetas:	Agregar Etiqueta Sin Etiquetas, Sea el primero en etiquetar este registro!

id	oai:scielo:S0718-27242019000400137
record_format	dspace
spelling	oai:scielo:S0718-272420190004001372020-01-23Assessing the Impacts of Market Failures on Innovation Investment in UruguayBukstein,DanielHernández,ElisaUsher,Ximena CDM model financial and non-financial barriers to innovation innovative firms Uruguay Abstract: This paper analyzes the effects of financial and nonfinancial obstacles to innovation on Uruguayan firms. We contribute to the literature by including the role of systemic and institutional factors affecting the different stages of the innovation process. The empirical analysis is based on four waves of national innovation surveys covering firms in the industry and services sector. In line with recent studies, we confine our analysis to the relevant sample of potentially innovative firms. Our results show that market, financial, knowledge, and context obstacles are the most important factors reducing innovation propensity and the amount invested in innovation activities. The effects are similar for firms in the industry and services sectors. We do not find evidence that institutional factors hamper innovation. Investment in equipment and investment in R&D and other intangible activities are affected differently by obstacles. On the other hand, innovation outcomes are affected mainly by financial and market-related barriers. We do not find evidence that obstacles to innovation have a significant impact on labor productivity.info:eu-repo/semantics/openAccessUniversidad Alberto Hurtado. Facultad de Economía y NegociosJournal of technology management & innovation v.14 n.4 20192019-12-01text/htmlhttp://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0718-27242019000400137es10.4067/S0718-27242019000400137
institution	Scielo Chile
collection	Scielo Chile
language	Spanish / Castilian
topic	CDM model financial and non-financial barriers to innovation innovative firms Uruguay
spellingShingle	CDM model financial and non-financial barriers to innovation innovative firms Uruguay Bukstein,Daniel Hernández,Elisa Usher,Ximena Assessing the Impacts of Market Failures on Innovation Investment in Uruguay
description	Abstract: This paper analyzes the effects of financial and nonfinancial obstacles to innovation on Uruguayan firms. We contribute to the literature by including the role of systemic and institutional factors affecting the different stages of the innovation process. The empirical analysis is based on four waves of national innovation surveys covering firms in the industry and services sector. In line with recent studies, we confine our analysis to the relevant sample of potentially innovative firms. Our results show that market, financial, knowledge, and context obstacles are the most important factors reducing innovation propensity and the amount invested in innovation activities. The effects are similar for firms in the industry and services sectors. We do not find evidence that institutional factors hamper innovation. Investment in equipment and investment in R&D and other intangible activities are affected differently by obstacles. On the other hand, innovation outcomes are affected mainly by financial and market-related barriers. We do not find evidence that obstacles to innovation have a significant impact on labor productivity.
author	Bukstein,Daniel Hernández,Elisa Usher,Ximena
author_facet	Bukstein,Daniel Hernández,Elisa Usher,Ximena
author_sort	Bukstein,Daniel
title	Assessing the Impacts of Market Failures on Innovation Investment in Uruguay
title_short	Assessing the Impacts of Market Failures on Innovation Investment in Uruguay
title_full	Assessing the Impacts of Market Failures on Innovation Investment in Uruguay
title_fullStr	Assessing the Impacts of Market Failures on Innovation Investment in Uruguay
title_full_unstemmed	Assessing the Impacts of Market Failures on Innovation Investment in Uruguay
title_sort	assessing the impacts of market failures on innovation investment in uruguay
publisher	Universidad Alberto Hurtado. Facultad de Economía y Negocios
publishDate	2019
url	http://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0718-27242019000400137
work_keys_str_mv	AT buksteindaniel assessingtheimpactsofmarketfailuresoninnovationinvestmentinuruguay AT hernandezelisa assessingtheimpactsofmarketfailuresoninnovationinvestmentinuruguay AT usherximena assessingtheimpactsofmarketfailuresoninnovationinvestmentinuruguay
_version_	1714203297457373184

Assessing the Impacts of Market Failures on Innovation Investment in Uruguay

Ejemplares similares