communication technologies (ICT). Against the backdrop of a weakening link between productivity and traditional innovation inputs (e …, work processes and human resource practices. More fundamentally, digitization is changing the way innovation itself is done …, opening the prospect of a long-term increase in the overall rate of innovation. Over time, this will dwarf the benefits from …

policies to bring the cost of financing innovation more in line with the level that would prevail in the absence of market …

Financing constraints have been discussed as a major obstacle to innovation. Small and medium-sized enterprises and … sense and as instruments for financing innovation. It also discusses implications of these developments for public policy …

intensive margin and extensive margin, but a possible lower impact on innovation than could have been expected. …

potential and, in particular when it comes to lack of risk capital, their innovation and R&D activity. Against this background …

competition on R&D according to the cost of the innovation. The effect of competition on R&D is an inverted U-shape. However, the … shape is flatter and competition policy is therefore less relevant for innovation when innovations are relatively costly …. Intuitively, if innovations are costly for a firm, competitive shocks have to be significant to alter its innovation decisions …