Informing
Policy
for Progress

Firm Growth Profiles (FGPs): Towards an Action-Based View of Firm Development STE-WP-24

The paper presents the concept of the Firm Growth Profile (FGP) which contributes to the creation of a dynamic Resource-Based View theory by explaining how capabilities are developed in path-dependent processes. An FGP represents the pattern of critical actions taken by a firm in different value activities (e.g. R&D, marketing, production and finance) during subsequent […]

Evolutionary Venture Capital Policies: Insights from a Product life Cycle Analysis of Israel’s Venture Capital Industry, Science, Technology and the Economy Program (STE) – Working Papers Series STE-WP-20-2003

The significance of VC as a component of the Silicon Valley model of high tech has led many countries during the 80s and 90s to implement government policies aimed at stimulating this activity. This paper suggests that a major factor in the failure of many of these policies to create an early phase, high tech […]

A Micro-Economic Approach to Government Support of R&D Investments in the Private Sector, Science, Technology and the Economy Program (STE) – Workin

This paper focuses on the economic decisions of the government to subsidize investments in the private sector, and to discriminate among firms in its support programs. The presumption is that, by taxing corporate profits the government, affects investment decisions made by corporations and causes them to invest less than what would be socially optimal. Accordingly, […]

The Impact of R&D Spillover on Growth and Productivity in Israeli Manufacturing Industries 1990-1994, Science, Technology and the Economy Program (STE) – Working Papers Series STE-WP-14

The study presents the positive external effects (spillovers) of investments in research and development in manufacturing industries, in Israel and abroad. This examination quantifies the spillover of domestic and imported technologies, through intermediates and capital goods, to establishments that did not participate directly in the research and development process. The analysis examines the interactions between […]

Incentives and Invention in Universities, Science, Technology and the Economy Program (STE) – Working Papers Series STE-WP-18-2003

We show that economic incentives affect the number and commercial value of inventions generated in universities. Using panel data for 102 U.S. universities during the period 1991-1999, we find that universities which give higher royalty shares to academic scientists generate more inventions and higher license income, controlling for other factors including university size, quality, research […]

Financing R&D in Mature Companies: An Empirical Analysis, Science, Technology and the Economy Program (STE) – Working Papers Series STE-WP-10

R&D intensive firms are often described as (1) relying mainly on equity financing; (2) investing primarily in intangible assets; (3) exhibiting a high market to book ratio (a high Tobin’s q); and (4) as being young and fast growing. We put these commonplace characterizations to systematic empirical tests. For our sample of Israeli manufacturing firms […]