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Competition --- Government policy --- -Competition --- Government policy -

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Water quality --- Government policy

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Public programs to provide early-stage financing to firms, particularly high-technology companies, have become commonplace in the United States and abroad. The long-run effectiveness of these programs, however, has attracted little empirical scrutiny. This paper examines the impact of the largest U.S. public venture capital initiative, the Small Business Innovation Research (SBIR) program, which has provided over $6 billion to small high-technology firms between 1983 and 1995. Using a unique database" of awardees compiled by the U.S. General Accounting Office, I show that SBIR awardees grew significantly faster than a matched set of firms over a ten-year period. The positive effects of SBIR awards were confined to firms based in zip codes with substantial venture capital activity. The findings are consistent with both the corporate finance literature on capital constraints and the growth literature on the importance of localization effects.

Research, Industrial --- Government policy

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Suicide --- Prevention --- Government policy

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Designed as an accessible overview of an area normally reserved for lawyers and economists, this volume provides incisive political analysis of the mechanics of international competition policy. It offers insight into how policies are formed at the international level.

Competition --- Capitalism --- Case studies --- Government policy --- Government policy. --- Case studies.