Public Financial Support for Commercial Innovation in ECA Countries

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dc.creatorTrajtenberg, Manuel
dc.creatorGoldberg, Itzhak
dc.creatorJaffe, Adam
dc.creatorMuller, Thomas
dc.creatorSunderland, Julie
dc.creatorBlanco Armas, Enrique
dc.date2012-08-13T10:41:31Z
dc.date2012-08-13T10:41:31Z
dc.date2010-05
dc.date.accessioned2026-07-01T01:12:39Z
dc.descriptionKey factors driving self-sustained, long-term economic growth are innovation and technology absorption; these factors are generated from within the economic system, responding to economic incentives. This conceptual framework molds analysis: on the one hand, the view of the centrality of innovation and knowledge creation in the growth process and, on the other hand, the understanding that these are economic factors that may be shaped and influenced by properly designed economic policies. For the purpose of this knowledge brief, innovation can be defined as the development and commercialization of new unproven technologies and untested processes and products, and absorption as the application of existing technologies, processes, and products. The ability of an economy to research and develop new technologies increases its ability to understand and apply existing technologies. Vice versa, the absorption of cutting-edge technology inspires new ideas and innovations.
dc.formatapplication/pdf
dc.formattext/plain
dc.identifierhttp://documents.worldbank.org/curated/en/2010/05/12817909/public-financial-support-commercial-innovation-eca-countries
dc.identifierhttps://hdl.handle.net/10986/10193
dc.identifier10.1596/10193
dc.identifier.urihttp://hdl.handle.net/123456789/416140
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.relationEurope and Central Asia Knowledge Brief; Volume No. 22
dc.rightsCC BY 3.0 IGO
dc.rightshttp://creativecommons.org/licenses/by/3.0/igo/
dc.rightsWorld Bank
dc.subjectBARRIERS TO COMPETITION
dc.subjectBUSINESS DEVELOPMENT
dc.subjectBUSINESS SECTORS
dc.subjectCAPITAL STOCK
dc.subjectCOLLABORATION
dc.subjectCOMPETITIVENESS
dc.subjectDOMESTIC MARKETS
dc.subjectECONOMIC ACTIVITY
dc.subjectECONOMIC POLICIES
dc.subjectEMERGING MARKETS
dc.subjectENVIRONMENT FOR INNOVATION
dc.subjectEQUITY FUNDS
dc.subjectEXPENDITURE
dc.subjectEXPENDITURES
dc.subjectEXTERNAL FINANCING
dc.subjectFINANCIAL INSTRUMENTS
dc.subjectFINANCIAL SECTOR
dc.subjectFINANCIAL SECTOR DEVELOPMENT
dc.subjectFINANCIAL SUPPORT
dc.subjectFOREIGN DIRECT INVESTMENT
dc.subjectGOVERNMENT INTERVENTION
dc.subjectGOVERNMENT INTERVENTIONS
dc.subjectGOVERNMENT SPENDING
dc.subjectGOVERNMENT SUPPORT
dc.subjectHUMAN CAPITAL
dc.subjectINNOVATION
dc.subjectINNOVATION POLICY
dc.subjectINNOVATIONS
dc.subjectINTELLECTUAL PROPERTY
dc.subjectINTELLECTUAL PROPERTY RIGHTS
dc.subjectINTERFACE
dc.subjectINVENTION
dc.subjectINVESTING
dc.subjectINVESTMENT CLIMATE
dc.subjectIP
dc.subjectJOB CREATION
dc.subjectKNOWLEDGE ECONOMY
dc.subjectLEARNING
dc.subjectMARGINAL COST
dc.subjectMARKET FAILURES
dc.subjectNATURAL RESOURCE
dc.subjectNEW MARKETS
dc.subjectNEW PRODUCTS
dc.subjectNEW TECHNOLOGIES
dc.subjectPRIVATE INVESTMENT
dc.subjectPRIVATE INVESTOR
dc.subjectPRIVATE INVESTORS
dc.subjectPRIVATE SECTOR
dc.subjectPRIVATE SECTOR INVESTORS
dc.subjectPRIVATE SECTOR PARTICIPATION
dc.subjectPRODUCTIVITY
dc.subjectPROGRAMS
dc.subjectR&D
dc.subjectREGULATORY REFORM
dc.subjectRETURNS
dc.subjectRISK CAPITAL
dc.subjectRISK SHARING
dc.subjectSATELLITES
dc.subjectSILICON
dc.subjectSTARTUP
dc.subjectSTARTUPS
dc.subjectSTATE CAPTURE
dc.subjectSTRATEGIC INVESTORS
dc.subjectTAX
dc.subjectTAX INCENTIVES
dc.subjectTECHNOLOGICAL DEVELOPMENT
dc.subjectTECHNOLOGY PARKS
dc.subjectTECHNOLOGY TRANSFER
dc.subjectTRACK RECORD
dc.subjectTRANSPARENCY
dc.subjectVENTURE CAPITAL
dc.titlePublic Financial Support for Commercial Innovation in ECA Countries

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