This paper explores the existence and importance of financing constraints for R&D investments in large EU and US manufacturing companies over the 2000-2007 period. The main results obtained by estimating error-correction equations suggest that the sensitivity of R&D investments to cash flow...

This publication presents an overview of current practices of 43 countries in measuring the non-observed economy. It focuses on the description of methods used and includes quantitative examples and estimates of the share of non-observed economy in the GDP of different countries. Statisticians...