Rozwój systemu finansowego w Polsce a dostępność kapitału na innowacje

• Authors: Wanda Pełka

Title variants

EN

The Development of Poland’s Financial System and the Availability of Capital for Innovation

• Languages of publication: PL

Abstracts

EN

The study sets out to identify barriers to the financing of innovation resulting from the country’s overall level of development and the structure of Poland’s financial system. The author recommends action to remedy the system’s inefficiency in the area of financing business innovations. The article describes the theoretical aspects of innovation financing and its characteristic features in Poland on the basis of an analysis of the size, structure and changes of the overall system. On the basis of her analysis, Pełka concludes that financial barriers to the spread of innovation can only be eliminated by developing a market for “instruments typical of a knowledge-based economy.” Domestic savings need to be mobilized for the development of innovative businesses with the involvement of the public sector. It is also necessary to create a system of tax incentives and specialized capital market institutions, Pełka says, and some projects must be co-financed from public funds. Poland’s financial system should evolve toward a model based on capital market institutions, with an increased share of private capital in the process of financing business innovation, Pełka concludes.

Keywords

EN

innovation; financial system; knowledge-based economy; barriers to innovativeness

• Publisher: Szkoła Główna Handlowa w Warszawie. Kolegium Analiz Ekonomicznych
• Journal: Gospodarka Narodowa. The Polish Journal of Economics
• Year: 2007
• Volume: 220
• Issue: 11-12
• Pages: 17-34

Dates

published

2007-12-31

Contributors

author

Wanda Pełka

Identifiers

DOI

10.33119/GN/101374