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The transformation of economy and society requires far-reaching technological and social innovations. To utilise the economic opportunities of transformation and to mitigate the negative effects of structural change, a determined transformation-oriented R&I policy is needed. Using the example of...
Persistent link: https://www.econbiz.de/10014526209
Innovation is crucial to economic development. Innovation expenditures in Germany's business sector as well as public … explained by certain barriers to innovation. Increasingly important hampering factors are the lack of qualified employees and … the burden of regulation and bureaucracy. Policy measures to support Germany's innovation capacity should tackle the …
Persistent link: https://www.econbiz.de/10014526211
Information about the success of a new technology is usually held asymmetrically between the research and development (R&D)-performing firm and potential lenders and investors. This raises the cost of capital for financing R&D externally, resulting in financing constraints on R&D especially for...
Persistent link: https://www.econbiz.de/10010950857