Technology and finance / prepared by Anna Ilyina and Roberto Samaniego.

The benefits from financial development are known to vary across industries. However, no systematic effort has been made to determine the technological characteristics that are shared by industries that tend to grow relatively faster in more financially developed countries. This paper explores a ran...

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Bibliographic Details
Main Authors: Ilyina, Anna (Author), Samaniego, Roberto M. (Author)
Corporate Author: International Monetary Fund. Policy Development and Review Department
Format: eBook
Language:English
Published: Washington, D.C. : International Monetary Fund, Policy Development and Review Dept., 2008.
©2008
Series:IMF working paper ; WP/08/182.
Subjects:
Online Access:Click for online access

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050 4 |a HG3881.5.I58  |b W67 no.08/182 
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100 1 |a Ilyina, Anna,  |e author.  |1 https://id.oclc.org/worldcat/entity/E39PCjFdgqVPHgHHBHmkX6XMrq 
245 1 0 |a Technology and finance /  |c prepared by Anna Ilyina and Roberto Samaniego. 
260 |a Washington, D.C. :  |b International Monetary Fund, Policy Development and Review Dept.,  |c 2008. 
264 4 |c ©2008 
300 |a 1 online resource (42 pages) :  |b illustrations 
336 |a text  |b txt  |2 rdacontent 
337 |a computer  |b c  |2 rdamedia 
338 |a online resource  |b cr  |2 rdacarrier 
490 1 |a IMF working paper ;  |v WP/08/182 
500 |a "June 12, 2008." 
504 |a Includes bibliographical references (pages 40-42). 
520 3 |a The benefits from financial development are known to vary across industries. However, no systematic effort has been made to determine the technological characteristics that are shared by industries that tend to grow relatively faster in more financially developed countries. This paper explores a range of technological characteristics that might underpin differences across industries in the need or the ability to raise external funding. The main finding is that industries that grow faster in more financially developed countries tend to display greater R & D intensity or investment lumpiness, indicating that well-functioning financial markets direct resources towards industries that grow by performing R & D. 
588 0 |a Print version record. 
505 0 |a I. Introduction; II. Theories of Finance and Technology; A. Financial Development and the Ability to Raise Funds; B. Financial Development and the Need to Raise Funds; C. Financial Development and Industry Growth; D. Technology; Tables; 1. Production Technology: Need for External Finance vs. Ability to Raise External Funds; III. Data; A. Finance Dependence; B. Technological Measures; C. Financial Development Measures; IV. Empirical Relationships between Technological Measures and EFD; V. Technology, Financial Development and Industry Growth; VI. Persistence and Robustness 
505 8 |a A. 1970s and 1990sB. Other Measures of Financial Development; C. Endogeneity of Financial Development; D. Does Firm Age Matter?; Figure; 1. EFD, LMP and RND over the Firm Lifecycle; VII. Concluding Remarks; 2A. Industry Classification and Technological Measures; 2B. Financial Development Measures; 3. Correlations Across Decades; 4. Correlations Among Technological Measures; 5. Correlations of Technological Measures with EFD; 6. Cross-country Industry Growth Regressions with CRE as a Measure of Financial Development; 7. The "Horse Race" between EFD, LMP and RND 
505 8 |a 8. Cross-country Industry Growth Regressions with CAP as a Measure of Financial Development ... 9. Cross-country Industry Growth Regressions with FOR as a Measure of Financial Development; 10. Cross-country Industry Growth Regressions with Lagged Financial Development Measures; 11. Cross-country Industry Growth Regressions with Instrumental Variables; 12. Correlations between RND, EFD, LMP for Young and Mature Firms; 13. Cross-country Industry Growth Regressions for Different Age Groups; References 
650 0 |a Industries  |x Finance  |x Econometric models. 
650 0 |a Technology  |x Economic aspects  |x Econometric models. 
650 0 |a Industrialization  |x Econometric models. 
650 7 |a Industrialization  |x Econometric models  |2 fast 
650 7 |a Finanzmarkt.  |2 stw 
650 7 |a Unternehmensfinanzierung.  |2 stw 
650 7 |a Industrie.  |2 stw 
650 7 |a Industrielle Forschung.  |2 stw 
700 1 |a Samaniego, Roberto M.,  |e author.  |1 https://id.oclc.org/worldcat/entity/E39PCjHjXQ9RVMm4DwwD6gHX3P 
710 2 |a International Monetary Fund.  |b Policy Development and Review Department. 
776 0 8 |i Print version:  |a Ilyina, Anna.  |t Technology and finance.  |d Washington, D.C. : International Monetary Fund, Policy Development and Review Dept., 2008  |w (OCoLC)255637878 
830 0 |a IMF working paper ;  |v WP/08/182. 
856 4 0 |u https://ebookcentral.proquest.com/lib/holycrosscollege-ebooks/detail.action?docID=1607943  |y Click for online access 
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