Abstract:In developed countries, public procurement is used to incentivize private companies to invest in innovation. But, governments of developing countries fail to do as much. However, since the size of the market in these countries is small, obtaining and carrying out large public contracts are opportunities that private companies must seize in order to innovate. This present research analyzes the effect of public procurement on the incentive of private companies to innovate. We use primary data collected from priv… Show more
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