Naslov
Government support to stimulate innovation and entrepreneurship: evidence from Croatia

Autori
Hodžić, Sabina

Vrsta, podvrsta i kategorija rada
Poglavlja u knjigama, znanstveni

Knjiga
Government incentives for innovation and entrepreneurship- an international experience

Urednik/ci
Abdellatif, M.M. ; Tran-Nam, B. ; Ranga, M. ; Hodžić, Sabina

Izdavač
Springer

Grad
Cham

Godina
2022

Raspon stranica
241-256

ISBN
978-3-031-10118-2

Ključne riječi
Innovation ; Entrepreneurship ; Direct financial support ; Indirect financial support ; Research and development ; Fiscal policy ; Croatia

Sažetak
Over the last decade, Europe has decided to make innovation one of its top priorities. New emerging technologies and an understanding of innovative processes encourage the greater competitiveness of companies. Moreover, technological progress and the process of research and development (R&D) for the purpose of innovation are influenced by the political and business environment. To stimulate such activities, governments use two main types of policies: direct and indirect financial support. Direct financial support includes fiscal (or tax) incentives and financial support, such as grants, loans, and subsidies, while indirect financial sup port includes state aid. Various national factors determine countries’ preferences regarding direct or indirect financial support or other instruments to encourage innovation and entrepreneurship. Countries like Croatia are facing transition and privatization problems. Therefore, investments and activities in R&D are extremely important. As a result, R&D will increase economic efficiency and long-term economic growth. The objective of this paper is to present the existing practice and analyze the effects of government support in the public and private sectors to stimulate innovation and entrepreneurship in Croatia. Moreover, the paper will provide proposals for improvements based on the analysis to remove obstacles to stimulating innovation and entrepreneurship.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

POVEZANOST RADA