@techreport{Czarnitzki2002Research,
abstract = {This paper presents microeconometric evidence on financing con-traints
for research and development activities in German small and medium?sized firms (SME). Special attention is paid to the role of public R&D subsidies. For this purpose SME in Western and East-ern Germany are compared because these regions are very different in their supply of public R&D funding. It turns out that Western German SME are financially constrained in their R&D activities by
both internal and external resources. In Eastern Germany, firms are not sensitive to external constraints, possibly due to high public R&D subsidies. The results suggest that R&D in Eastern Germany is to a large extent driven by public subsidies since the German re?unification in 1990 and that the usual financial market mechanisms are repealed with respect to R&D in this region.},
address = {Mannheim},
author = {Dirk Czarnitzki},
copyright = {http://www.econstor.eu/dspace/Nutzungsbedingungen},
keywords = {O38; O31; C24; 330; Research and development; financial constraints; public funding; SME; censored regression models; Industrielle Forschung; Forschungsfinanzierung; Verschuldungsrestriktion; Klein- und Mittelunternehmen; Forschungssubvention; Sch\"{a}tzung; Alte Bundesl\"{a}nder; Neue Bundesl\"{a}nder; Deutschland},
language = {eng},
number = {02-74},
publisher = {Zentrum f\"{u}r Europ\"{a}ische Wirtschaftsforschung (ZEW)},
title = {Research and development: financial constraints and the role of public funding for small and medium-sized enterprises},
type = {ZEW Discussion Papers},
url = {http://hdl.handle.net/10419/24372},
year = {2002}
}
