banking development reduces the cash flow sensitivity of fixed investment spending, particularly for small firms, and that it …

of market sector spillovers from intangible investment and from public R&D. We find (a) no evidence of spillover effects … from intangible investment at the market sector level, including from R&D, (b) strong evidence of market sector spillovers …

investment in knowledge, and its productivity, looking at sectoral peculiarities which may emerge; to this end, we use a large …

stochastic shocks imply that investment in radical innovation may very often be too time consuming and/or expensive to remain …