Where there is a will, there is a way? Assessing the impact of obstacles to innovation

• DOI: 10.1093/icc/dts027
• Publication Date: 2012-09-24T00:24:50Z
• Authors: Pierre Blanchard; Jean-Pierre Huiban; Antonio Musolesi; Patrick Sevestre
• Keywords: 330; 0502 economics and business; 05 social sciences; [SHS.ECO] Humanities and Social Sciences/Economics and Finance; Innovation; [SHS.ECO]Humanities and Social Sciences/Economics and Finance

The aim of this article is to assess the impact obstacles innovation on firms’ propensity innovate. We show that distinguishing between firms do not innovate because they intend and try but fail or give up insurmountable key for properly measuring barriers innovation. Estimating an production function appropriately defined subsamples allows obtaining consistent results, i.e. a significant negative These results are robust definition these subsamples, way “obstacles innovation” defined, as well distinction financial nonfinancial obstacles.