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Is Public R&D a Complement or Substitute for Private R&D? A Review of the Econometric Evidence
David, Paul A. - 1999
Is public R&D spending complementary and thus "additional" to private R&D spending, or does it substitute for and tend to "crowd out" private R&D? Conflicting answers are given to this question. We survey the body of available economectric evidence accumulated over the past 35 years. A framework...
Persistent link: https://www.econbiz.de/10012471411
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Is Public R&D a Complement or Substitute for Private R&D? A Review of the Econometric Evidence
David, Paul A.; Hall, Bronwyn H.; Toole, Andrew A. - 2021
Is public R&D spending complementary and thus "additional" to private R&D spending, or does it substitute for and tend to "crowd out" private R&D? Conflicting answers are given to this question. We survey the body of available economectric evidence accumulated over the past 35 years. A framework...
Persistent link: https://www.econbiz.de/10013245706
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The financing of R&D and innovation
Hall, Bronwyn H.; Lerner, Joshua - 2010
Persistent link: https://www.econbiz.de/10009523633
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How Does Expropriation Risk Affect Innovation?
Benavente H., José Miguel; Bravo Ortega, Claudio; … - National Bureau of Economic Research - 2024
We analyze how expropriation risk reduces incentives for innovation and reallocates resources from the innovative … risk, such as corruption, negatively impacts innovation by reducing R&D expenditure, human capital in R&D, number of … highlight the detrimental effects of expropriation risk on innovation and economic development at the country level …
Persistent link: https://www.econbiz.de/10014512142
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The Financing of R&D and Innovation
Hall, Bronwyn H. - 2009
Evidence on the "funding gap" for investment innovation is surveyed. The focus is on financial market reasons for …
Persistent link: https://www.econbiz.de/10012463325
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The Financing of R&D and Innovation
Hall, Bronwyn H. - 2014
Evidence on the "funding gap" for investment innovation is surveyed. The focus is on financial market reasons for …
Persistent link: https://www.econbiz.de/10013070796
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Patents as Quality Signals? The Implications for Financing Constraints on R&D
Czarnitzki, Dirk - 2014
Information about the success of a new technology is usually held asymmetrically between the research and development (R&D)-performing firm and potential lenders and investors. This raises the cost of capital for financing R&D externally, resulting in financing constraints on R&D especially for...
Persistent link: https://www.econbiz.de/10013055307
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Patents as Quality Signals? The Implications for Financing Constraints on R&D
Czarnitzki, Dirk - 2014
Information about the success of a new technology is usually held asymmetrically between the research and development (R&D)-performing firm and potential lenders and investors. This raises the cost of capital for financing R&D externally, resulting in financing constraints on R&D especially for...
Persistent link: https://www.econbiz.de/10013057328