National Innovation System (NIS) and the real exchange rate (RER) in an export-led growth model. Formally, this work presents …

The aim of this paper is to investigate the nexus between demand patterns and innovation as it stems from research … efforts and the extent of specialization. In the proposed model an innovation race conducted by entrants investing in research …

profits generated by a successful innovation are discounted by the endogenous market interest rate, this raises the net …

credit and innovation markets. The interplay between these two frictions generates a nonlinear relationship between finance … and growth. Financial development eases the financing of innovation but can exacerbate bottlenecks in R&D. In a …

endogenes Wachstumsmodell wird die Interaktion von Finanzsystem und Wirtschaftswachstum analysiert. Auch wenn der Modellanalyse … Variablen auf das Wirtschaftswachstum einwirken. Mit Daten über den Entwicklungsstand des Finanzsystems sowie des Bankensektors …