Showing 1 - 10 of 15
productivity. Education as well as innovation and production require skilled labour as inputs. This and the fact that learning …
Persistent link: https://www.econbiz.de/10005114510
regard to the capital gains tax, innovation subsidy, public R\&D spending and other policy initiatives. …
Persistent link: https://www.econbiz.de/10005797650
The paper proposes a model where heterogeneous firms choose whether to undertake R&D or not. Depending on R&D choice, innovative firms are more productive, have larger investment opportunities and lower own funds than non-innovating firms. As a result, innovative firms are financially...
Persistent link: https://www.econbiz.de/10008542816
, innovation and efficiency by implicitly redistributing profits towards constrained firms where capital earns the highest return …
Persistent link: https://www.econbiz.de/10008542827
endogenous share opts for innovation and faces credit constraints in the subsequent expansion phase. We emphasize four results …: (i) R&D subsidies not only encourage innovation but also relax finance constraints and help innovative firms to exploit … investment of constrained firms by reducing free cash-flow and thereby discourage innovation. (iii) A revenue neutral increase in …
Persistent link: https://www.econbiz.de/10008542833
endogenous share opts for innovation and faces credit constraints in the subsequent expansion phase. We emphasize four results …: (i) R&D subsidies not only encourage innovation but also relax finance constraints and help innovative firms to exploit … investment of constrained firms by reducing free cash-flow and thereby discourage innovation. (iii) A revenue neutral increase in …
Persistent link: https://www.econbiz.de/10008468605
This paper examines patent protection in an endogenous-growth model. Our aim is two-fold. First, we show how the patent policies discussed by the recent patent-design literature can influence R&D in the endogenous-growth framework, where the role of patents has been largely ignored. Second, we...
Persistent link: https://www.econbiz.de/10005136433
regard to the capital gains tax, innovation subsidy, public R&D spending and other policy initiatives. …
Persistent link: https://www.econbiz.de/10005497714
The paper proposes a simple equilibrium model of venture capital, entrepreneurship and innovation. Venture capitalists … productive and active VC industry boosts innovation driven growth. …
Persistent link: https://www.econbiz.de/10005453939
This paper proposes a model where heterogeneous firms choose whether to undertake R&D or not. Innovative firms are more productive, have larger investment opportunities and lower own funds for necessary tangible continuation investments than non-innovating firms. As a result, they are...
Persistent link: https://www.econbiz.de/10009150949