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Evidence on the “funding gap” for investment innovation is surveyed. The focus is on financial market reasons for …
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policies to bring the cost of financing innovation more in line with the level that would prevail in the absence of market …
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We review the econometric literature on measuring the returns to R&D. The theoretical frameworks that have been used are outlined, followed by an extensive discussion of measurement and econometric issues that arise when estimating the models. We then provide a series of tables summarizing the...
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