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include ICT investment and R&D as the two main inputs of innovation and productivity. We find that R&D and ICT are both … strongly associated with innovation and productivity, with R&D being more important for innovation and ICT for productivity. We … explore their possible complementarity in innovation and production but find none, although there is complementarity between R …
Persistent link: https://www.econbiz.de/10011099695
Evidence on the "funding gap" for investment innovation is surveyed. The focus is on financial market reasons for …
Persistent link: https://www.econbiz.de/10010856381
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/10010843286
Persistent link: https://www.econbiz.de/10010843287
policies to bring the cost of financing innovation more in line with the level that would prevail in the absence of market …
Persistent link: https://www.econbiz.de/10008488963
is briefly presented. Then the empirical literature that relates Tobin's q to R&D and patent measures is surveyed and new … corporation is strongly related to its knowledge assets, and that the patent measures contain information about this value above …
Persistent link: https://www.econbiz.de/10005413048