Financial Economics of Innovation: Policies and Mechanisms for Enhancing Innovative Entrepreneurship

This paper discusses the government policies and mechanisms to promote innovative entrepreneurship using a comparative case study approach. In particular, the study explores the tax policies to promote technology commercialization. Singapore and Thailand represent interesting cases to understand the role of government policies in promoting high-tech ventures. The reasons to choose the two case countries are that Singapore is the most advanced economy among the ASEAN countries while Thailand is the second largest economy of the ASEAN countries. Singapore and Thailand represent the two Asian countries that use tax policies to drive economic growth. The analyses in this study aim to understand the linkages between the government policies, tax policies and entrepreneurial development. The findings would help fill the gap in existing literature with regard to policy studies on high-tech entrepreneurship.