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Evidence on the "funding gap" for investment innovation is surveyed. The focus is on financial market reasons for underinvestment that exist even when externality-induced underinvestment is absent. We conclude that while small and new innovative firms experience high costs of capital that are...
Persistent link: https://www.econbiz.de/10013070796
Evidence on the "funding gap" for investment innovation is surveyed. The focus is on financial market reasons for underinvestment that exist even when externality-induced underinvestment is absent. We conclude that while small and new innovative firms experience high costs of capital that are...
Persistent link: https://www.econbiz.de/10012463325
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For developing countries, decentralising power from central government to local authorities holds the promise of … government, and to what effect. Decentralised Governance brings together a new generation of political economy studies that …, Pakistan, China, Indonesia, Ghana, Kenya and Colombia. They investigate the pros and cons of decentralisation in both …
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striking contradiction is China where, despite a fourfold multiplication in two decades in real GDP per capita from a low … term ; short term ; Easterlin paradox ; developed countries ; transition countries ; less developed countries ; China …
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