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Palgrave Macmillan

Finance and Technological Change

Theory and Evidence

  • Book
  • © 1995

Overview

Authors:
  1. Enrico Santarelli

    1. Faculty of Statistics, Department of Economics, University of Bologna, Italy

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Table of contents (9 chapters)

  1. Front Matter

    Pages i-x
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  4. The Role of Government

    1. Front Matter

      Pages 139-139
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    2. Public Policies towards the Financing of Innovative Activities

      • Enrico Santarelli
      Pages 141-150

    3. Conclusions and Synthesis of Results

      • Enrico Santarelli
      Pages 151-154

  5. Back Matter

    Pages 155-181
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About this book

`A pioneering and valuable study linking finance to innovative activity: not only is the theoretical framework sound, thought-provoking and creative, but amply supported through systematic empirical testing.' - David B. Audretsch, Wissenschaftszentrum Berlin fur Sozialforschung This book broadens the economic explanation of technological change, by assuming that development and diffusion of new technologies are closely related to the financial arrangements and institutions which prevail in any given historical period. To support his hypothesis, the author combines theoretical prescriptions with empirical evidence: the interdependences between technology and finance suggested in the first part of the book are therefore analysed from a historical perspective, and a theoretical model is then applied to explain how R&D is funded by new and already established firms in the data processing industry. The book concludes with a survey of policy interventions towards various sources of innovation financing.

Reviews

`A pioneering and valuable study linking finance to innovative activity: not only is the theoretical framework sound, thought-provoking and creative, but amply supported through systematic empirical testing.' - David B. Audretsch, Wissenschaftszentrum Berlin fur Sozialforschung

Authors and Affiliations

  • Faculty of Statistics, Department of Economics, University of Bologna, Italy

    Enrico Santarelli

About the author

ENRICO SANTARELLI

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