Do financial constraints hold back innovation and growth?
نویسندگان
چکیده
منابع مشابه
Corporate Income Taxes , Financial Constraints and Innovation ∗
We examine exogenous changes in state corporate income taxes over the 1988-2006 period and find that tax decreases significantly boost both the quantity, measured by the number of patents, and the quality, measured by citations per patent, of innovative output, while tax increases have little impact on innovation. Most of the impact of tax changes on innovation occurs two or more years after th...
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ژورنال
عنوان ژورنال: Research Policy
سال: 2005
ISSN: 0048-7333
DOI: 10.1016/j.respol.2005.06.004