Template-type: ReDIF-Paper 1.0
Author-Name: Bartzokas, Anthony
Author-Email: bartzokas@intech.unu.edu
Author-Workplace-Name: United Nations University, Institute for New Technologies
Title: Financial Markets and Technological Change: Patterns of Technological and Financial
 	 Decisions by Manufacturing Firms in Southern Europe
Abstract: In this paper we suggest that technological acquisition and innovation by firms
 	 involve new investment, and thus require a financial decision as well as a
	 technological one. The level of analysis is the southern European countries and the
	 impact of the European integration process on sectoral innovation and industrial
	 restructuring processes. The paper suggests that technological development goes
	 beyond incentives for technological invetsment projects. It depends on the quality
	 of investment decisions and in the long run on the profitability of these projects.
	 In consequence, as the structure and behaviour of the capital market strongly
	 affects investment decisions, it will also affect technological development.
Keywords: Innovation, Industrial Restructuring, Industrial Financing, Investment, Southern
	 Europe
Series: Discussion Paper
Creation-Date: 2001
Number: 4
File-URL: http://www.intech.unu.edu/publications/discussion-papers/2001-4.pdf
File-Format: application/pdf
File-Size: 208 Kb
Handle: RePEc:unm:unuint:200104