Trade, R&D spending and financial development
This paper assesses the importance of financial development and R&D spending for exports using both a theoretical model and econometric testing. It is shown that financial development and R&D expenditures are positively related to exports and the balance of manufactured goods. The results suggest that countries that want to increase their exports should invest more in R&D activities and increase the priority of their financial reforms.
Year of publication: |
2005
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Authors: | Chang, Yuanchen ; Hung, Mao-Wei ; Lu, Chiuling |
Published in: |
Applied Financial Economics. - Taylor & Francis Journals, ISSN 0960-3107. - Vol. 15.2005, 11, p. 809-819
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Publisher: |
Taylor & Francis Journals |
Saved in:
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