气候变化领域集成服务门户(CCPortal): Innovation, market failures and policy implications of KIBS firms: The case of Trinidad and Tobago's oil and gas sector

CCPortal

DOI	10.1016/j.enpol.2021.112250
	Innovation, market failures and policy implications of KIBS firms: The case of Trinidad and Tobago's oil and gas sector
	Mohan P.; Strobl E.; Watson P.
发表日期	2021
ISSN	03014215
卷号	153
英文摘要	Trinidad and Tobago's oil and gas industry is well established and is one of the oldest in the world, which has led to a large and growing number of oil and gas Knowledge Intensive Business Services (KIBS) firms. These firms provide advanced technological or professional knowledge as intensive inputs into the business processes of other organizations. This paper aims to investigate innovation in KIBS firms in the oil and gas sector in Trinidad and Tobago, and to identify market and government failures that hinder their development to inform policy making. The factors that increase KIBS firm's likelihood of introducing an innovation are firm size, age, number of customers, internal research and development, and the use of external information. Moreover, several market failures hinder their potential for innovation and technology diffusion, including information asymmetries, difficulty in obtaining finance, lack of appropriate skills, and limited partnerships/collaboration with research institutions. This study recommends the development of a national innovation policy and program, greater dialogue, and clear communication channels among all industry stakeholders, and the expansion of several existing local policy initiatives, including trade missions and corporate governance programs and training and skills through tertiary educational institutes. © 2021 Elsevier Ltd
关键词	Developing country Knowledge intensive business services Oil and gas
英文关键词	Commerce; Developing countries; Gas industry; Public policy; Knowledge-intensive business services; Market failures; Oil and gas; Oil and Gas Industry; Oil and Gas Sector; Policy implications; Professional knowledge; Service firms; Technological knowledge; Trinidad and Tobago; Gases; business service; developing world; energy market; gas industry; innovation; knowledge economy; oil industry; policy making; Trinidad and Tobago
语种	英语
来源期刊	Energy Policy
文献类型	期刊论文
条目标识符	http://gcip.llas.ac.cn/handle/2XKMVOVA/205260
作者单位	Sir Arthur Lewis Institute of Social and Economic Studies, University of the West Indies, St Augustine, Trinidad and Tobago; University of Bern/Sir Arthur Lewis Institute of Social and Economic Studies, University of the West Indies, St Augustine, Trinidad and Tobago
推荐引用方式 GB/T 7714	Mohan P.,Strobl E.,Watson P.. Innovation, market failures and policy implications of KIBS firms: The case of Trinidad and Tobago's oil and gas sector[J],2021,153.
APA	Mohan P.,Strobl E.,&Watson P..(2021).Innovation, market failures and policy implications of KIBS firms: The case of Trinidad and Tobago's oil and gas sector.Energy Policy,153.
MLA	Mohan P.,et al."Innovation, market failures and policy implications of KIBS firms: The case of Trinidad and Tobago's oil and gas sector".Energy Policy 153(2021).