Boikos, Spyridon; Bournakis, Ioannis; Dimitris, … - 2021
We develop a horizontal R&D growth model that allows us to investigate the different channels through which financial … reforms affect R&D investment and patent activity. First, a "micro" reformthat abolishes barriers to entry in the banking … sector produces a straightforward result: a decrease in lending rates which stimulates R&D investment and economic growth …