Access to banks and external capital acquisition: perceived innovation obstacles
Mikaela Backman,Tina Wallin +1 more
TLDR
In this article, the authors examined whether low access to banks is perceived as problematic when obtaining financial capital for innovation activities and found that both a longer distance to the nearest bank and fewer banks in the vicinity are related to experiencing greater difficulties in obtaining external financial capital.Abstract:
We examine whether low access to banks is perceived as problematic when obtaining financial capital for innovation activities. Data on innovation obstacles from the Swedish Community Innovation Survey are combined with geo-coded data at the firm level, which allows us to proxy access to external capital by the Euclidian distance from each firm to its nearest bank and the supply within a radius of 5 km. The results indicate that both a longer distance to the nearest bank and fewer banks in the vicinity are related to experiencing greater difficulties in obtaining external financial capital for innovations.read more
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Governance in global value chains
John Humphrey,Hubert Schmitz +1 more
TL;DR: In this article, the authors employ a novel conceptual framework in their research on industrial clusters in Europe, Latin America and Asia and provide new perspectives and insights for researchers and policymakers alike.
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Does Venture Capital Investment Really Require Spatial Proximity? An Empirical Investigation
Michael Fritsch,Dirk Schilder +1 more
TL;DR: In this paper, the authors examined the role of spatial proximity for Venture Capital (VC) investments in Germany and found that the absence of VC firms in a region does not appear to cause a severe regional equity gap.
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Multidimensional entrepreneurship: theoretical considerations and Swedish empirics
TL;DR: In this paper, the authors make a first investigation of the four dimensions of entrepreneurship in Sweden and the connections between them and various measures of growth on municipality level, and make a comparison between the four types of entrepreneurship.
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Sustainable Development in Sparsely Populated Territories: Case of the Russian Arctic and Far East
TL;DR: In this article, a conceptual model for linking sustainability to the unique characteristics of the sparsely populated regions of the Russian Arctic and Far East is proposed. And the authors conclude by suggesting indicators that could be best suited to promoting balanced regional development that accounts for the environment, economy, and social needs.
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Debt financing and technological innovation: evidence from china
TL;DR: In this paper, the authors explored the effect of debt financing on two types of technological innovation, namely radical and incremental innovation, and found that radical innovation decreases with debt financing at decreasing rates, while incremental innovation is not affected by debt financing itself.
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An Evolutionary Theory of Economic Change
TL;DR: In this paper, the authors developed an evolutionary theory of the capabilities and behavior of business firms operating in a market environment, including both general discussion and the manipulation of specific simulation models consistent with that theory.
Book
The theory of economic development
TL;DR: Buku ini memberikan infmasi tentang aliran melingkar kehidupan ekonomi sebagaimana dikondisikan oleh keadaan tertentu, fenomena fundamental dari pembangunan EKonomi, kredit, laba wirausaha, bunga atas modal, and siklus bisnis as mentioned in this paper.
Book
Theory of Economic Development
TL;DR: The theory of economic development was first published in 1911 by Schumpeter as discussed by the authors, who argued that economics is a natural self-regulating mechanism when undisturbed by "social and other meddlers." In his preface he argues that despite weaknesses, theories are based on logic and provide structure for understanding fact.
Book ChapterDOI
The use of knowledge in society
TL;DR: In this paper, it was pointed out that many of the current disputes with regard to both economic theory and economic policy have their common origin, it seems to me, in a misconception about the nature of the economic problem of society.
Journal ArticleDOI
Finance and Growth: Schumpeter Might Be Right
TL;DR: In this paper, the authors examined a cross-section of about 80 countries for the period 1960-89 and found that various measures of financial development are strongly associated with both current and later rates of economic growth.