Drivers and incentives of innovation activities of companies

Safronov A.D.1
1 Российский экономический университет им. Г.В. Плеханова

Journal paper

Russian Journal of Entrepreneurship *
Volume 18, Number 17 (September 2017)
* Этот журнал не выпускается в Первом экономическом издательстве

Citation:

Abstract:
Unfavorable business environment can significantly increase the costs of developing innovative products and make them less innovative. All that undermines the incentives of companies to innovate. In some cases, this may induce novice and existing innovative companies to focus their activities on other industries, which can lead to a "diversion of innovations". In this article, the author examines the external factors that affect the innovative activities of companies, such as economic institutions, economic openness, dependence on natural resources and skilled labor shortage.

Keywords: innovation activity, corruption, work force, business environment, natural resources, economic openness, innovative incentives, economic institutions

JEL-classification: O31, O33, O32

References:

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