Hook, Law Siong; Lee, Weng Chang; Singh, Nirvikar - In: Journal of innovation & knowledge : JIK 3 (2018) 3, pp. 143-153
of moments (GMM) estimators for a panel data model. The sample comprised data for 75 developed and developing countries … for the period 1996 to 2010. An inverted U-shaped non-linear relationship between finance and innovation was observed …. This finding implies that finance enhances innovation only up to a certain level. Beyond that level, further development of …