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This paper examines the effects of alternative specifications of the user costs of capital on the estimated price and volume indices of capital services. It asks how sensitive the results are to the use of exogenous versus endogenous rates of return, to alternate ways of including capital gains,...
Persistent link: https://www.econbiz.de/10013154256
knowledge through the U.S. Small Business Innovation Research Program. Our conceptual framework assumes the nature of an …
Persistent link: https://www.econbiz.de/10012709505
This paper compares output per person across Canadian provinces — using nominal or current dollar GDP per capita as the metric over the period 1990 to 2003. Differences in GDP per capita can be attributed to differences in the underlying efficiency of provincial economies. This is measured by...
Persistent link: https://www.econbiz.de/10014206769
This study presents a novel empirical approach to identify financing constraints for innovation based on the concept of …. If they selected additional innovation projects, they must have had some unexploited investment opportunities that were … not profitable using more costly external finance. We attribute constraints for innovation not only to lacking financing …
Persistent link: https://www.econbiz.de/10010310988
Persistent link: https://www.econbiz.de/10010486696
Successful innovative activity is a major contribution to the intangible capital of firms. Although its importance is generally acknowledged, the contribution to companies? profits is a priori unclear. We present the results of an empirical study on the effects of the patent stock on...
Persistent link: https://www.econbiz.de/10010297363
to investigate possible crowdingout effects on the input side of the innovation process. Different specifications of R …
Persistent link: https://www.econbiz.de/10010297380
innovation, i.e. weakly controlled managers show a higher innovation propensity. However, the higher the leverage the more …
Persistent link: https://www.econbiz.de/10010297397
variables the motives for innovation expenditures are also taken into account. We differentiate between firms which intend to …
Persistent link: https://www.econbiz.de/10010297441
Most of the existing empirical literature on the relationship of firm value and knowledge capital is based on the stock …. It turns out that innovative firms, i.e. those with a reasonable knowledge stock, have a better credit rating and thus …
Persistent link: https://www.econbiz.de/10010297699