government provide incentives for innovation in a fiscally sustainable way? We address this question by examining the Ramsey … problem of finding optimal tax and subsidy schemes in a model in which growth is endogenously sustained by risky innovation …. We characterize the shadow value of growth and entry in the innovation sector. We find that a profit tax is required to …

One of the key components of the innovation management process is selection of sources of funding innovative projects … development, type of innovation and potential sources of its financing. Then, the process of selecting sources of financing … innovation was developed. The article analyses the available literature, internet data, results published in the European …