We re-examine the effects of liquidity constraints on R&D investment. In our theoretical section we extend the neoclassical framework of investment in physical capital by introducing R&D and liquidity constraints. We analyse this issue empirically using firm-level data for R&D active...

The Investment Development Path (IDP) hypothesis holds that a country's net outward direct investment position is systematically related to its level of economic development. Ireland is an interesting test case because of the importance of inward FDI over the last three decades, the country's...

In this paper we analyse productivity spillovers from foreign direct investment using firm level panel data UK manufacturing industries from 1992 to 1999. We investigate spillovers through horizontal, backward and forward linkages, distinguish spillovers from export oriented vs domestic market...