967 resultados para United States. Office of Scientific Research and Development.
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Includes bibliographical references and index.
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"December 1965."
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Mode of access: Internet.
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Hearings held Feb. 17-July 9, 1969.
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"Prepared in the Division of Geography, Department of the Interior, Washington, D.C. April 1950."
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Mode of access: Internet.
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"B-249779"--P. 1.
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Title from cover.
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Mode of access: Internet.
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Description based on: 1960.
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Mode of access: Internet.
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Mode of access: Internet.
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Contains many subseries.
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This dissertation examines whether-there exists financial constraints and, if so, their implications for investment in research and development expenditures. It develops a theoretical model of credit rationing and research and development in which both are determined simultaneously and endogenously. The model provides a useful tool to examine different policies that may help alleviate the negative the effect of financial constraints faced by firms.^ The empirical evidence presented deals with two different cases, namely, the motor vehicle industry in Germany (1970-1990) and the electrical machinery industry In Spain (1975-1990).^ The innovation in the empirical analysis is that it follows a novel approach to identify events that allow us to isolate the effect of financial constraints in the determination of research and development.^ Further, empirical evidence is presented to show that in the above two cases financial constraints affect investment in physical capital as well.^ The empirical evidence presented supports the results of the theoretical model developed in this dissertation, showing that financial constraints negatively affect the rate of growth of innovation by reducing the intensity of research and development activity. ^