The Financing of R&D and Innovation
---- Acknowledgments ----
Forthcoming 2010 in Hall, B. H. and N. Rosenberg (eds.), Handbook of the Economics of Innovation, Elsevier-North Holland. We are grateful to Bruce Petersen for a careful reading of the manuscript. The second author thanks the Harvard Business School's Division of Research for financial support. This chapter is based on material in Hall (2002) and Gompers and Lerner (2004). The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.