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Technology and Finance / / Anna Ilyina, Roberto Samaniego



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Autore: Ilyina Anna Visualizza persona
Titolo: Technology and Finance / / Anna Ilyina, Roberto Samaniego Visualizza cluster
Pubblicazione: Washington, D.C. : , : International Monetary Fund, , 2008
Descrizione fisica: 1 online resource (44 p.)
Disciplina: 332.09593
Soggetto topico: Industries - Finance - Econometric models
Technology - Economic aspects - Econometric models
Industrialization - Econometric models
Finance: General
Labor
Public Finance
Industries: Financial Services
Financial Markets and the Macroeconomy
Human Capital
Skills
Occupational Choice
Labor Productivity
Banks
Depository Institutions
Micro Finance Institutions
Mortgages
Innovation
Research and Development
Technological Change
Intellectual Property Rights: General
National Government Expenditures and Related Policies: Infrastructures
Other Public Investment and Capital Stock
Finance
Labour
income economics
Technology
general issues
Public finance & taxation
Financial sector development
Human capital
Collateral
Capital spending
Financial services industry
Loans
Capital investments
Soggetto geografico: United States
Altri autori: SamaniegoRoberto  
Note generali: Description based upon print version of record.
Nota di bibliografia: Includes bibliographical references.
Nota di contenuto: Contents; 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
A. 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
8. 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
Sommario/riassunto: The 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.
Titolo autorizzato: Technology and Finance  Visualizza cluster
ISBN: 1-4623-0534-2
1-4527-8843-X
1-282-84133-5
1-4518-7040-X
9786612841330
Formato: Materiale a stampa
Livello bibliografico Monografia
Lingua di pubblicazione: Inglese
Record Nr.: 9910788233603321
Lo trovi qui: Univ. Federico II
Opac: Controlla la disponibilità qui
Serie: IMF Working Papers; Working Paper ; ; No. 2008/182