Show Summary Details

Page of

PRINTED FROM OXFORD HANDBOOKS ONLINE ( © Oxford University Press, 2018. All Rights Reserved. Under the terms of the licence agreement, an individual user may print out a PDF of a single chapter of a title in Oxford Handbooks Online for personal use (for details see Privacy Policy and Legal Notice).

date: 12 July 2020

Abstract and Keywords

Innovation is an expensive process; significant resources must be expended to initiate, direct, and sustain it. It is a process that takes time which means that the resources that support it must be committed until the process is complete. According to this article, contemporary economists of innovation have largely neglected the relationship between finance and innovation. This article notes that empirical research has not kept pace with theoretical developments and the evidence that does exist, even on basic propositions, is often ambiguous. Furthermore, this article points to serious limitations associated with the dominant analytical approaches employed in micro- and macroeconomic research on finance for analyzing the dynamics of economic change. In closing, it draws attention to some crucial questions that need to be addressed in new research on finance and innovation.

Keywords: innovation, contemporary economists, finance, empirical research, economic change

Access to the complete content on Oxford Handbooks Online requires a subscription or purchase. Public users are able to search the site and view the abstracts and keywords for each book and chapter without a subscription.

Please subscribe or login to access full text content.

If you have purchased a print title that contains an access token, please see the token for information about how to register your code.

For questions on access or troubleshooting, please check our FAQs, and if you can''t find the answer there, please contact us.