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Kompletter Metadatensatz
DublinCore-Feld | Wert | Sprache |
---|---|---|
dc.contributor.author | Binz, Hanna L. | en |
dc.contributor.author | Czarnitzki, Dirk | en |
dc.date.accessioned | 2009-02-16T14:58:41Z | - |
dc.date.available | 2009-02-16T14:58:41Z | - |
dc.date.issued | 2008 | - |
dc.identifier.uri | http://hdl.handle.net/10419/24675 | - |
dc.description.abstract | We analyze financial constraints for R&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 R&D versus cutting-edge R&D. Financial constraints should be more binding for cutting-edge R&D than for routine R&D. Using panel data we find that R&D spending of firms devoting a significant fraction of R&D to cutting-edge projects is curtailed by credit constraints while routine R&D investments are not. This has important policy implications with respect to the distribution of R&D subsidies in the economy. | en |
dc.language.iso | eng | en |
dc.publisher | |aZentrum für Europäische Wirtschaftsforschung (ZEW) |cMannheim | en |
dc.relation.ispartofseries | |aZEW Discussion Papers |x08-005 | en |
dc.subject.jel | O32 | en |
dc.subject.jel | O31 | en |
dc.subject.ddc | 330 | en |
dc.subject.keyword | R&D | en |
dc.subject.keyword | Financial Constraints | en |
dc.subject.keyword | Panel Data | en |
dc.subject.stw | Forschungsfinanzierung | en |
dc.subject.stw | Verschuldungsrestriktion | en |
dc.subject.stw | Industrielle Forschung | en |
dc.subject.stw | Deutschland | en |
dc.title | Financial Constraints: Routine Versus Cutting Edge R&D Investment | - |
dc.type | Working Paper | en |
dc.identifier.ppn | 557555051 | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
dc.identifier.repec | RePEc:zbw:zewdip:7016 | en |
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