LEADER 07072oam 22015134 450 001 9910970754403321 005 20250426110725.0 010 $a9786612841330 010 $a9781462305346 010 $a1462305342 010 $a9781452788432 010 $a145278843X 010 $a9781282841338 010 $a1282841335 010 $a9781451870404 010 $a145187040X 035 $a(CKB)3170000000055072 035 $a(EBL)1607943 035 $a(SSID)ssj0000943288 035 $a(PQKBManifestationID)11550395 035 $a(PQKBTitleCode)TC0000943288 035 $a(PQKBWorkID)10975194 035 $a(PQKB)10329121 035 $a(OCoLC)762729026 035 $a(IMF)WPIEE2008182 035 $a(MiAaPQ)EBC1607943 035 $a(IMF)WPIEA2008182 035 $aWPIEA2008182 035 $a(EXLCZ)993170000000055072 100 $a20020129d2008 uf 0 101 0 $aeng 135 $aurcnu|||||||| 181 $ctxt 182 $cc 183 $acr 200 10$aTechnology and Finance /$fAnna Ilyina, Roberto Samaniego 205 $a1st ed. 210 1$aWashington, D.C. :$cInternational Monetary Fund,$d2008. 215 $a1 online resource (44 p.) 225 1 $aIMF Working Papers 225 0$aIMF working paper ;$vWP/08/182 300 $aDescription based upon print version of record. 311 08$a9781451914931 311 08$a1451914938 320 $aIncludes bibliographical references. 327 $aContents; I. Introduction; II. Theories of Finance and Technology; A. Financial Development and the Ability to Raise Funds; B. Financial Development and the Need to Raise Funds; C. Financial Development and Industry Growth; D. Technology; Tables; 1. Production Technology: Need for External Finance vs. Ability to Raise External Funds; III. Data; A. Finance Dependence; B. Technological Measures; C. Financial Development Measures; IV. Empirical Relationships between Technological Measures and EFD; V. Technology, Financial Development and Industry Growth; VI. Persistence and Robustness 327 $aA. 1970's and 1990's B. Other Measures of Financial Development; C. Endogeneity of Financial Development; D. Does Firm Age Matter?; Figure; 1. EFD, LMP and RND over the Firm Lifecycle; VII. Concluding Remarks; 2A. Industry Classification and Technological Measures; 2B. Financial Development Measures; 3. Correlations Across Decades; 4. Correlations Among Technological Measures; 5. Correlations of Technological Measures with EFD; 6. Cross-country Industry Growth Regressions with CRE as a Measure of Financial Development; 7. The "Horse Race" between EFD, LMP and RND 327 $a8. Cross-country Industry Growth Regressions with CAP as a Measure of Financial Development... 9. Cross-country Industry Growth Regressions with FOR as a Measure of Financial Development; 10. Cross-country Industry Growth Regressions with Lagged Financial Development Measures; 11. Cross-country Industry Growth Regressions with Instrumental Variables; 12. Correlations between RND, EFD, LMP for Young and Mature Firms; 13. Cross-country Industry Growth Regressions for Different Age Groups; References 330 3 $aThe benefits from financial development are known to vary across industries. However, no systematic effort has been made to determine the technological characteristics that are shared by industries that tend to grow relatively faster in more financially developed countries. This paper explores a range of technological characteristics that might underpin differences across industries in the need or the ability to raise external funding. The main finding is that industries that grow faster in more financially developed countries tend to display greater R&D intensity or investment lumpiness, indicating that well-functioning financial markets direct resources towards industries that grow by performing R&D. 410 0$aIMF Working Papers; Working Paper ;$vNo. 2008/182 606 $aIndustries$xFinance$xEconometric models 606 $aTechnology$xEconomic aspects$xEconometric models 606 $aIndustrialization$xEconometric models 606 $aBanks$2imf 606 $aCapital investments$2imf 606 $aCapital spending$2imf 606 $aCollateral$2imf 606 $aDepository Institutions$2imf 606 $aFinance$2imf 606 $aFinance: General$2imf 606 $aFinancial Markets and the Macroeconomy$2imf 606 $aFinancial sector development$2imf 606 $aFinancial services industry$2imf 606 $aGeneral issues$2imf 606 $aHuman Capital$2imf 606 $aHuman capital$2imf 606 $aIncome economics$2imf 606 $aIndustries: Financial Services$2imf 606 $aInnovation$2imf 606 $aIntellectual Property Rights: General$2imf 606 $aLabor Productivity$2imf 606 $aLabor$2imf 606 $aLabour$2imf 606 $aLoans$2imf 606 $aMicro Finance Institutions$2imf 606 $aMortgages$2imf 606 $aNational Government Expenditures and Related Policies: Infrastructures$2imf 606 $aOccupational Choice$2imf 606 $aOther Public Investment and Capital Stock$2imf 606 $aPublic finance & taxation$2imf 606 $aPublic Finance$2imf 606 $aResearch and Development$2imf 606 $aSkills$2imf 606 $aTechnological Change$2imf 606 $aTechnology$2imf 607 $aUnited States$2imf 615 0$aIndustries$xFinance$xEconometric models. 615 0$aTechnology$xEconomic aspects$xEconometric models. 615 0$aIndustrialization$xEconometric models. 615 7$aBanks 615 7$aCapital investments 615 7$aCapital spending 615 7$aCollateral 615 7$aDepository Institutions 615 7$aFinance 615 7$aFinance: General 615 7$aFinancial Markets and the Macroeconomy 615 7$aFinancial sector development 615 7$aFinancial services industry 615 7$aGeneral issues 615 7$aHuman Capital 615 7$aHuman capital 615 7$aIncome economics 615 7$aIndustries: Financial Services 615 7$aInnovation 615 7$aIntellectual Property Rights: General 615 7$aLabor Productivity 615 7$aLabor 615 7$aLabour 615 7$aLoans 615 7$aMicro Finance Institutions 615 7$aMortgages 615 7$aNational Government Expenditures and Related Policies: Infrastructures 615 7$aOccupational Choice 615 7$aOther Public Investment and Capital Stock 615 7$aPublic finance & taxation 615 7$aPublic Finance 615 7$aResearch and Development 615 7$aSkills 615 7$aTechnological Change 615 7$aTechnology 676 $a332.09593 700 $aIlyina$b Anna$01815733 701 $aSamaniego$b Roberto$01815734 801 0$bDcWaIMF 906 $aBOOK 912 $a9910970754403321 996 $aTechnology and Finance$94372576 997 $aUNINA