Availability of technology alone does not assure quality of care.
Although TFP measures the extra gain in economic efficiency after taking account of the direct impact of a larger capital stock, weak balance-sheets constrain the availability of capital for new technology and innovation.
These firms drew heavily on the scientific commons, public funding, availability of startup capital, and two-way technology transfer between academic and industrial research.
Finally, we factored in qualitative consideration such as government policies on information technology, the availability of capital for startup companies, use of the Internet in the education system, competition in the telecommunications market, membership in the European monetary union and national idiosyncrasies such as the Minitel system in France.
We compare four different explanations for cross-institutional variation in new firm formation rates from university technology licensing offices (TLOs) over the 1994 1998 period the availability of venture capital in the university area; the commercial orientation of university research and development; intellectual eminence; and university policies.
The growing economic and political importance of the 'New Economy' throughout 1990s has added greater saliency to both supply and demand sides, policy oriented questions about the availability of venture capital as a catalyst for new or 'high' technology-based, early-stage investments.
That encouraged investors, and the availability of cheap capital encouraged more capital spending, which pushed up profits further and sparked talk of a new era.
