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Books > Business & Economics > Economics > Macroeconomics
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Finance and Technological Change - Theory and Evidence (Paperback, 1st ed. 1995)
Loot Price: R2,267
Discovery Miles 22 670
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Finance and Technological Change - Theory and Evidence (Paperback, 1st ed. 1995)
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`A pioneering and valuable study linking finance to innovative
activity: not only is the theoretical framework sound,
thought-provoking and creative, but amply supported through
systematic empirical testing.' - David B. Audretsch,
Wissenschaftszentrum Berlin fur Sozialforschung This book broadens
the economic explanation of technological change, by assuming that
development and diffusion of new technologies are closely related
to the financial arrangements and institutions which prevail in any
given historical period. To support his hypothesis, the author
combines theoretical prescriptions with empirical evidence: the
interdependences between technology and finance suggested in the
first part of the book are therefore analysed from a historical
perspective, and a theoretical model is then applied to explain how
R&D is funded by new and already established firms in the data
processing industry. The book concludes with a survey of policy
interventions towards various sources of innovation financing.
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