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Previous literature provided evidence on financing constraints for investment in R&D activities due to capital market … for financing their research compared to development activities. Moreover, we find that (basic) research subsidy …
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This study tests for financial constraints on Ramp;D investment and how they differ from capital investment. To identify constraints in the access to external capital, we employ a credit rating index. Our models show that internal constraints, measured by mark-ups, are more decisive for Ramp;D...
Persistent link: https://www.econbiz.de/10012711028
We analyze financial constraints for Ramp;D, where we account for heterogeneity among investments which has been neglected in previous literature. According to economic theory, investments should be distinguished by their degree of uncertainty, e.g. routine Ramp;D versus cutting-edge Ramp;D....
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We consider the development of German federal research and technology (R&T) policies since the 1960s and sketch the evolution of today's highly differentiated and complex set of policy instruments. Advances from economic theory and empirical results are reflected in this evolution, but have not...
Persistent link: https://www.econbiz.de/10014461006
In Deutschland beanspruchen gleich zwei Ressorts, das Bundesministerium für Bildung und Forschung (BMBF) sowie das …-und Technologiepolitik aufgebaut ist und zum anderen, wie es gelingen soll, die wissenschaftlichen und wirtschaftlichen Rahmenbedingungen für … Förderinstrumentariums zu dem Schluss, dass insbesondere die Wirkungsforschung in Deutschland noch unterentwickelt ist und vor neuen …
Persistent link: https://www.econbiz.de/10011446955
This paper explores the impact of R&D subsidies on the concentration of R&D in an economy. First, governments are often criticized of subsidizing predominantly larger firms and thus contribute to persistence of leadership in markets and higher barriers to entry, and, hence, reduced competition...
Persistent link: https://www.econbiz.de/10008701446
innovation systems, highlight the outline conditions for innovations in Germany, focusing above all on the basis of innovations … information flows and cooperation patterns within the innovation system of Germany. In the summary at the end of this paper we …In the following paragraphs we will discuss the 'mapping of innovative clusters in national innovation systems'. For …
Persistent link: https://www.econbiz.de/10013428185