Showing 1 - 10 of 860
of economic benefit by patent applications filed and granted. Interrogating the effect of targeted funding at a … university level we find award of U-I targeted grants coincides with increased patent activity compared to non-targeted grants …. Exploring the dynamics of the relationship, we observe the effect of U-I targeted grants on patent activity is short lived at an …
Persistent link: https://www.econbiz.de/10012157265
The optimal mix of growth policies is determined within a comprehensive endogenous growth model. The analysis captures important elements of the tax-transfer system and accounts for transitional dynamics. Currently, for calculating corporate taxable income US firms are allowed to deduct...
Persistent link: https://www.econbiz.de/10003977338
Previous research on optimal R&D subsidies has focussed on the long run. This paper characterizes the optimal time path of R&D subsidization in a semi-endogenous growth model, by exploiting a recently developed numerical method. Starting from the steady state under current R&D subsidization in...
Persistent link: https://www.econbiz.de/10003998059
This paper shows that dynamic inefficiency can occur in dynamic general equilibrium models with fully optimizing, infinitely-lived households even in a situation with underinvestment. We identify necessary conditions for such a possibility and illustrate it in a standard R&D-based growth model....
Persistent link: https://www.econbiz.de/10009380412
-ups with experienced inventors holding a patent at the time of receiving the first round of investment produce the largest …
Persistent link: https://www.econbiz.de/10011718181
Many countries have introduced patent box regimes in recent years, offering a reduced tax rate to businesses for their … IP-related income. Patent boxes are supposed to increase innovative activity, but they are also suspected to aim at … attracting inward profit shifting from multinational firms. In this paper, we analyze the effects of patent box regimes when …
Persistent link: https://www.econbiz.de/10012304080
Anglo-Saxon countries have been successful in the 1990s concerning labor market performance compared to the former role models Germany and Japan. This reversal in relative economic performance might be related to idiosyncracies in financial markets with bank-based financial markets as in Germany...
Persistent link: https://www.econbiz.de/10011507850
During the latter part of the 1990s the introduction of the euro, the dramatic increase in the supply of venture capital in most EU countries, and the creation of several new equity markets targeted at innovative firms have dramatically transformed the financing prospects of European...
Persistent link: https://www.econbiz.de/10011507965
Venture capitalists not only finance but also advise and thereby add value to young innovative firms. The prospects of venture capital backed firms thus depend on joint efforts of entrepreneurs and informed venture capitalists, and are subject to double moral hazard. In financing a portfolio of...
Persistent link: https://www.econbiz.de/10011514038
Private independent limited partnership venture capital funds receive capital from institutional investors, without tax incentives. Limited partnership investment activities are governed by restrictive covenants that are determined by negotiated contract between the fund managers (general...
Persistent link: https://www.econbiz.de/10011514156