R&D AND NON-R&D INNOVATORS DURING THE GLOBAL FINANCIAL CRISIS: THE ROLE OF BINDING CREDIT CONSTRAINTS

R&D AND NON-R&D INNOVATORS DURING THE GLOBAL FINANCIAL CRISIS: THE ROLE OF BINDING CREDIT CONSTRAINTS

This analysis identifies the effects of prevailing credit constraints on efforts of formal R&D innovators and (informal) non-R&D innovators in the manufacturing sector in Latin America and examines whether the global financial crisis aggravated these effects. It demonstrates that formal R&am...

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Autores principales: Leitner,Sandra M, Stehrer,Robert
Lenguaje:English
Publicado: Pontificia Universidad Católica de Chile. Instituto de Economía. 2016
Materias:
Credit constraints
R&D and non-R&D innovators
financial crisis
Latin America
Acceso en línea:http://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0719-04332016000100002
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spelling oai:scielo:S0719-043320160001000022017-02-02R&D AND NON-R&D INNOVATORS DURING THE GLOBAL FINANCIAL CRISIS: THE ROLE OF BINDING CREDIT CONSTRAINTSLeitner,Sandra MStehrer,Robert Credit constraints R&D and non-R&D innovators financial crisis Latin America This analysis identifies the effects of prevailing credit constraints on efforts of formal R&D innovators and (informal) non-R&D innovators in the manufacturing sector in Latin America and examines whether the global financial crisis aggravated these effects. It demonstrates that formal R&D innovators faced binding credit constraints that severely disturbed their innovative efforts, while non-R&D innovators remained unaffected. Furthermore, the global financial crisis put no additional strain on either R&D or non-R&D innovators. The analysis also identifies characteristics of R&D and non-R&D innovators and points to important differences in size, age, or ownership structure but similarities in international trading activities.info:eu-repo/semantics/openAccessPontificia Universidad Católica de Chile. Instituto de Economía.Latin american journal of economics v.53 n.1 20162016-12-01text/htmlhttp://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0719-04332016000100002en10.7764/LAJE.53.1.1
institution Scielo Chile
collection Scielo Chile
language English
topic Credit constraints
R&D and non-R&D innovators
financial crisis
Latin America
spellingShingle Credit constraints
R&D and non-R&D innovators
financial crisis
Latin America
Leitner,Sandra M
Stehrer,Robert
R&D AND NON-R&D INNOVATORS DURING THE GLOBAL FINANCIAL CRISIS: THE ROLE OF BINDING CREDIT CONSTRAINTS
description This analysis identifies the effects of prevailing credit constraints on efforts of formal R&D innovators and (informal) non-R&D innovators in the manufacturing sector in Latin America and examines whether the global financial crisis aggravated these effects. It demonstrates that formal R&D innovators faced binding credit constraints that severely disturbed their innovative efforts, while non-R&D innovators remained unaffected. Furthermore, the global financial crisis put no additional strain on either R&D or non-R&D innovators. The analysis also identifies characteristics of R&D and non-R&D innovators and points to important differences in size, age, or ownership structure but similarities in international trading activities.
author Leitner,Sandra M
Stehrer,Robert
author_facet Leitner,Sandra M
Stehrer,Robert
author_sort Leitner,Sandra M
title R&D AND NON-R&D INNOVATORS DURING THE GLOBAL FINANCIAL CRISIS: THE ROLE OF BINDING CREDIT CONSTRAINTS
title_short R&D AND NON-R&D INNOVATORS DURING THE GLOBAL FINANCIAL CRISIS: THE ROLE OF BINDING CREDIT CONSTRAINTS
title_full R&D AND NON-R&D INNOVATORS DURING THE GLOBAL FINANCIAL CRISIS: THE ROLE OF BINDING CREDIT CONSTRAINTS
title_fullStr R&D AND NON-R&D INNOVATORS DURING THE GLOBAL FINANCIAL CRISIS: THE ROLE OF BINDING CREDIT CONSTRAINTS
title_full_unstemmed R&D AND NON-R&D INNOVATORS DURING THE GLOBAL FINANCIAL CRISIS: THE ROLE OF BINDING CREDIT CONSTRAINTS
title_sort r&d and non-r&d innovators during the global financial crisis: the role of binding credit constraints
publisher Pontificia Universidad Católica de Chile. Instituto de Economía.
publishDate 2016
url http://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0719-04332016000100002
work_keys_str_mv AT leitnersandram rdandnonrdinnovatorsduringtheglobalfinancialcrisistheroleofbindingcreditconstraints
AT stehrerrobert rdandnonrdinnovatorsduringtheglobalfinancialcrisistheroleofbindingcreditconstraints
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