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dc.creatorValencia-Arana, Oscar Mauricio
dc.date.created2014-06-26
dc.date.issued2014-06-26
dc.identifier.urihttp://repositorio.banrep.gov.co/handle/20.500.12134/6115
dc.description.abstractRyD intensity for small firms is high and persistent over time. At the same time, small firms are often financially constrained. This paper proposes a theoretical model that explains the coexistence of these two stylized facts. It is shown that self-finan
dc.format.mimetypePDF
dc.language.isospa
dc.publisherBanco de la República
dc.relation.ispartofDocumentos de Trabajo
dc.relation.ispartofseriesBorradores de Economía
dc.relation.isversionofBorradores de Economía; No. 828
dc.rights.accessRightsOpen Access
dc.rights.urihttps://creativecommons.org/licenses/by-nc-sa/4.0/
dc.titleRyD investment and financial frictions
dc.typeWorking Paper
dc.subject.jelO41 - One, Two, and Multisector Growth Models
dc.subject.jelD86 - Economics of Contract: Theory
dc.subject.jelO31 - Innovation and Invention: Processes and Incentives
dc.subject.keywordMoral Hazard
dc.subject.keywordEndogenous borrowing constraints
dc.subject.keywordTechnological change
dc.subject.lembCrédito comercial
dc.subject.lembCambio tecnológico
dc.subject.lembCrédito comercial -- Restricciones
dc.subject.lembRiesgo moral
dc.subject.lembInvestigación y desarrollo
dc.type.spaDocumentos de trabajo
dc.rights.spaAcceso abierto
dc.rights.ccAtribucion-NoComercial-CompartirIgual CC BY-NC-SA 4.0
dc.subject.jelspaD86 - Economía de los contratos: teoría
dc.subject.jelspaO41 - Modelos de crecimiento de uno, dos o varios sectores
dc.subject.jelspaO31 - Innovación e invención: procesos e incentivos
dc.type.hasversionPublished Version
dc.coverage.sucursalBogotá
dc.relation.doihttps://doi.org/10.32468/be.828
dc.rights.disclaimerLas opiniones contenidas en el presente documento son responsabilidad exclusiva de los autores y no comprometen al Banco de la República ni a su Junta Directiva.
dc.relation.numberBorrador 828
dc.relation.repechttps://ideas.repec.org/p/bdr/borrec/828.html
dc.identifier.handlehttp://hdl.handle.net/20.500.12134/6115
dc.source.handleRepecRePEc:bdr:borrec:828


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This work is licensed under a Creative Commons Reconocimiento-NoComercial 4.0.This document has been deposited by the author (s) under the following certificate of deposit