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The Financing of Research and Development
Hall, Bronwyn H. - EconWPA - 2003
Evidence on the "funding gap" for R&D is surveyed. The focus is on financial market reasons for underinvestment in R&D that persist even in the absence of externality-induced underinvestment. The conclusions are that 1) small and new innovative firms experience high costs of capital that are...
Persistent link: https://www.econbiz.de/10005134931
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R&D and Subsidies at the Firm Level: An Application of Parametric and Semi-Parametric Two-Step Selection Models
Hussinger, Katrin - EconWPA - 2004
This paper analyzes the effects of public subsidies on R&D expenditure in the German manufacturing sector. The focus is on the question whether public R&D funding stimulates or crowds out private investment. Cross sectional data at the firm level is used. By applying parametric and...
Persistent link: https://www.econbiz.de/10005076604
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VERTICAL R&D SPILLOVERS, COOPERATION, MARKET STRUCTURE, AND INNOVATION
Atallah, Gamal - EconWPA - 2000
are taken into account. The paper proposes a theory of innovation and market structure, showing that the relation between … innovation and competition depends on horizontal spillovers, vertical spillovers, and cooperative settings. The private …
Persistent link: https://www.econbiz.de/10005076906
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Public provision of a private good: What is the point of the BSD license?
Gaudeul, Alex - EconWPA - 2005
Software is a potentially excludable public good. It is possible, at some cost, to exclude non-paying users from its consumption by using copyright law or technological restraints. Licensing the software under proprietary license terms makes of it a private good, licensing it under the BSD does...
Persistent link: https://www.econbiz.de/10005134417
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INNOVATION AND VENTURE CAPITAL EXITS
SCHWIENBACHER, Armin - EconWPA - 2001
-improving product innovation. We explicitly introduce product market characteristics into the analysis with the aim to identify their … capitalist. The entrepreneur has incentives to distort the innovation strategy so as to make an IPO the preferred exit. We derive …
Persistent link: https://www.econbiz.de/10005413189
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Employment Effects of Different Innovation Activities: Microeconometric Evidence
Peters, Bettina - EconWPA - 2005
process innovations, this paper reports new results on the relationship between innovation and employment growth in Germany … CIS data. It establishes a theoretical link between employment growth and innovation output. The econometric analysis …
Persistent link: https://www.econbiz.de/10005118792
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Helping thy neighbour: productivity, welfare and international trade
Nahuis, Niek; Geurts, Ben - EconWPA - 2004
We describe the relation between welfare growth and productivity growth. We argue that differences in productivity and productivity growth between sectors or countries are irrelevant from a policy perspective. Specialisation is based on the comparative advantages of countries. Since, by nature,...
Persistent link: https://www.econbiz.de/10005124907
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Are R&D subsidies a substitute or a complement to privately funded R&D? Evidence from France using propensity score methods for non- experimental data
Emmanuel, DUGUET - EconWPA - 2004
This study examines the effect of research and development subsidies on the private funding of R&D in France. We address this issue from the annual R&D survey over 1985-1997, which provides information about the R&D subsidies given by all the ministries to the firms having at least one full-time...
Persistent link: https://www.econbiz.de/10005124980
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Heart of Darkness: Modeling Public-Private Funding Interactions Inside the R&D Black Box
David, Paul A.; Hall, Bronwyn H. - EconWPA - 2001
This paper is a first step toward closing the analytical gap in the extensive literature on the results of interactions between public and private R&D expenditures, and their joint effects on the economy. Earlier studies frequently report contradictory estimates of the response of company...
Persistent link: https://www.econbiz.de/10005126006
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THE TOWER OF BABEL? THE INNOVATION SYSTEM APPROACH VERSUS MAINSTREAM ECONOMICS.
Hers, Johannes; Nahuis, Niek - EconWPA - 2004
The Innovation systems (IS) approach and the system failures it identifies, play an important role in the design and … legitimization of innovation policy. This paper analyses the usefulness of this concept. We conclude that the IS-approach can be … useful to visualize the complexity of the innovation processes. However, for policy design this approach is less suited …
Persistent link: https://www.econbiz.de/10005126082