Community Research and Development Information Service - CORDIS


Final Report - FINNOV (Finance, innovation and growth: changing patterns and policy implications)

Project ID: 217466
Funded under: FP7-SSH


This is the final report for the FINNOV project which received funding under the European Commission (EC)'s Seventh Framework Programme (FP7). FINNOV sought to enhance understanding on the relationship between changing financial markets, innovation dynamics, and economic performance.

The report starts with an executive summary providing a general overview of the project and goes on further analysing its context and showing how FINNOV approached the issue of business experimentation and economic growth as well as the key themes explored. The findings suggest that there were several problems with the role that the financial system plays in the 'real' or 'productive' economy and its relation to innovation. The report describes the objectives set out in order to overcome this problem. It goes on presenting the results obtained from the research performed which showed that the financial system did not support innovation that leads to smart, sustainable and equitable economic growth and that it creates financial bubbles and crises with tendencies for contagion or that it creates dysfunctional incentives and opportunities across a range of sectors that can undermine productive investment. The report also covers the results stemming from the work packages of the project and closes with an overview of the potential impact of the research findings.

Download application/zip (298044)

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