Munich Personal RePEc Archive

A note about credit rationing on research and development

Fiaschi, Alessandro (2008): A note about credit rationing on research and development.

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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.

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