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Achieving and sustaining growth depends on the effective work of multiple and interconnected actors—such as e.g. governments, the private sector, society, universities, entrepreneurs and many others—who build an ecosystem, i.e. a social and economic environment for innovative and...
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This study presents a novel empirical approach to identify financing constraints for innovation based on the concept of … they selected additional innovation projects, they must have had some unexploited investment opportunities that were not … profitable using more costly external finance. We attribute constraints for innovation not only to lacking financing, but also to …
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