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&D), which are endogenized through financial institutions. The theory and its results shed lights on the debate of convergence …
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innovation and economic growth in the future, France will need to equip itself with the institutions that will enable the country … of its potential to become a vector for growth and to assume the role of a facilitator in an innovation-based economy …
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Financial institutions affect R&D and growth through their roles as corporate control devices with respect to disciplining managers and selecting projects. For an institution which generates a soft-budget constraints problem, we show how it creates conditions for relatively low economic growth...
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This paper looks at the link between the quality of economic institutions and innovation, and innovation and growth. We … construct a measure of the innovation content of individual manufacturing industries and show that countries with stronger … economic institutions specialize in more innovation‐intensive industries. Our results also provide evidence that industries …
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paper we attempt to fill the gap by examining how financial institutions affect technological innovation and thus affect …
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&D), which are endogenized through financial institutions. The theory and its results shed lights on the debate of convergence …
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