{"id":17878,"date":"2018-12-10T14:04:15","date_gmt":"2018-12-10T13:04:15","guid":{"rendered":"https:\/\/www.criep.eu\/altomonte-c-gamba-s-mancusi-m-l-vezzulli-a-2016-rd-investments-financing-constraints-exporting-and-productivity-economics-of-innovation-and-new-technology-253-283-303\/"},"modified":"2018-12-10T14:04:16","modified_gmt":"2018-12-10T13:04:16","slug":"altomonte-c-gamba-s-mancusi-m-l-vezzulli-a-2016-rd-investments-financing-constraints-exporting-and-productivity-economics-of-innovation-and-new-technology-253-283-303","status":"publish","type":"post","link":"https:\/\/www.criep.eu\/en\/altomonte-c-gamba-s-mancusi-m-l-vezzulli-a-2016-rd-investments-financing-constraints-exporting-and-productivity-economics-of-innovation-and-new-technology-253-283-303\/","title":{"rendered":"Altomonte, C., Gamba, S., Mancusi, M.L., Vezzulli, A. (2016). R&D investments, Financing Constraints, Exporting and Productivity. Economics of Innovation and New Technology, 25(3): 283-303."},"content":{"rendered":"

[vc_row 0=””][vc_column 0=””][vc_column_text 0=””]Altomonte, C., Gamba, S., Mancusi, M.L., Vezzulli, A. (2016).<\/p>\n

R&D investments, Financing Constraints, Exporting and Productivity. Economics of Innovation and New Technology, 25(3): 283-303.<\/em><\/p>\n

 <\/p>\n

Abstract: <\/em><\/p>\n

This paper adds new empirical evidence on the mutual relationships between credit constraints, total factor productivity, Research and Development (R&D) investments and exporting, by jointly considering them in a simultaneous equation framework. Our empirical analysis focuses on a large sample of manufacturing firms from France, Germany, Italy and Spain. Our results confirm the well-known mutual positive correlation among exporting, R&D and firm’s productivity. They also show the existence of a mutual relationship between exporting, productivity and credit constraints: exporters and high productivity firms are less likely to be credit constrained, while better access to credit is associated with larger productivity and a higher probability of exporting. By contrast, we find no significant relation between investing in R&D and the probability to be credit constrained, conditional on exporting. This suggests that efficiency-improving strategies, mediated by the existence of credit constraints, are at the core of firm growth achieved through exporting and innovation<\/em>.<\/p>\n

[\/vc_column_text][\/vc_column][\/vc_row]<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"

[vc_row 0=””][vc_column 0=””][vc_column_text 0=””]Altomonte, C., Gamba, S., Mancusi, M.L., Vezzulli, A. (2016). R&D investments, Financing Constraints, Exporting and Productivity. Economics of Innovation and New Technology,…<\/p>\n","protected":false},"author":19,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[718],"tags":[199,201,972,200,202,973],"coauthors":[929],"class_list":["post-17878","post","type-post","status-publish","format-standard","hentry","category-pubblicazioni-en","tag-credit-constraints","tag-margins-of-export","tag-margins-of-export-en","tag-rd-investments","tag-total-factor-productivity","tag-total-factor-productivity-en","category-718","description-off"],"acf":[],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t