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The role of human capital in lowering the barriers to engaging in innovation: evidence from the Spanish innovation survey

The role of human capital in lowering the barriers to engaging in innovation: evidence from the Spanish innovation survey
The role of human capital in lowering the barriers to engaging in innovation: evidence from the Spanish innovation survey
This paper focuses on the role of human capital in reducing the barriers to firms' engagement in innovation activities. The paper distinguishes between firms facing barriers that stop them from engaging in any innovation activity, and firms that face impediments in the course of their innovation activity. We investigate whether human capital has a particularly strong impact in relation to lowering barriers among the former group of firms, since a strong skill base is likely to compensate for lack of experience in innovation-related activities or the complementary assets needed for innovation. We draw on four waves of the Spanish Innovation Survey and examine the impact of human capital on three types of obstacles to innovation: cost, knowledge and market barriers. We find that human capital has a significant impact on reducing the barriers to innovation represented by knowledge shortages and market uncertainties
1366-2716
1-19
D'Este, Pablo
12d93c67-476e-44fb-b762-2202ba1568fd
Rentocchini, Francesco
8ee609a8-8a3f-4a86-94be-5050f7d8c1cb
Vega Jurado, Jaider
4cb04fd9-dd5e-470c-9d0d-1278f51c4e11
D'Este, Pablo
12d93c67-476e-44fb-b762-2202ba1568fd
Rentocchini, Francesco
8ee609a8-8a3f-4a86-94be-5050f7d8c1cb
Vega Jurado, Jaider
4cb04fd9-dd5e-470c-9d0d-1278f51c4e11

D'Este, Pablo, Rentocchini, Francesco and Vega Jurado, Jaider (2014) The role of human capital in lowering the barriers to engaging in innovation: evidence from the Spanish innovation survey. Industry and Innovation, 21 (1), 1-19. (doi:10.1080/13662716.2014.879252).

Record type: Article

Abstract

This paper focuses on the role of human capital in reducing the barriers to firms' engagement in innovation activities. The paper distinguishes between firms facing barriers that stop them from engaging in any innovation activity, and firms that face impediments in the course of their innovation activity. We investigate whether human capital has a particularly strong impact in relation to lowering barriers among the former group of firms, since a strong skill base is likely to compensate for lack of experience in innovation-related activities or the complementary assets needed for innovation. We draw on four waves of the Spanish Innovation Survey and examine the impact of human capital on three types of obstacles to innovation: cost, knowledge and market barriers. We find that human capital has a significant impact on reducing the barriers to innovation represented by knowledge shortages and market uncertainties

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e-pub ahead of print date: 17 February 2014
Published date: 2014
Organisations: Strategy, Innovation & Entrepreneurship

Identifiers

Local EPrints ID: 362325
URI: http://eprints.soton.ac.uk/id/eprint/362325
ISSN: 1366-2716
PURE UUID: 00ed4af7-f332-48ef-8739-e77020750b97

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Date deposited: 20 Feb 2014 12:54
Last modified: 14 Mar 2024 16:02

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Contributors

Author: Pablo D'Este
Author: Jaider Vega Jurado

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