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    • Credit Constraints and the Cyclicality of R&D Investment: Evidence from France 

      Aghion, Philippe; Askenazy, Philippe; Berman, Nicolas; Cette, Gilbert; Eymard, Laurent (Oxford University Press (OUP), 2012)
      We use a French firm-level panel data set over the period 1993-2004 to analyze the relationship between credit constraints and firms' R&D behavior over the business cycle. Our main results can be summarized as follows: (i) ...
    • Credit Constraints and the Cyclicality of R&D Investment: Evidence from France 

      Aghion, Philippe; Askenazy, Philippe; Berman, Nicolas; Cette, Gilbert; Eymard, Laurent (Wiley-Blackwell, 2012)
      We use a French firm-level panel data set over the period 1993-2004 to analyze the relationship between credit constraints and firms' R&D behavior over the business cycle. Our main results can be summarized as follows: (i) ...