A note about credit rationing on research and development

Alessandro Fiaschi

MPRA Paper from University Library of Munich, Germany

Abstract: This note develops an overlapping generations model with credit rationing on 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 effect of �financial constraints faced by fi�rms.

Keywords: R&D; credit constraints; overlapping generations (search for similar items in EconPapers)
JEL-codes: D82 D91 D92 (search for similar items in EconPapers)
Date: 2008-09, Revised 2008-12-10
New Economics Papers: this item is included in nep-dge and nep-ino
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:12300

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