Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/208159 
Year of Publication: 
2018
Series/Report no.: 
IDB Working Paper Series No. IDB-WP-965
Publisher: 
Inter-American Development Bank (IDB), Washington, DC
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 signficantly 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.
Subjects: 
Financial and non-financial barriers to innovation
sectoral heterogeneity in innovation barriers
potential innovators
instrumental variables
JEL: 
D22
O31
O32
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by-nc-nd Logo
Document Type: 
Working Paper

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.