We study the dynamic bidirectional relationship between firm R&D intensity and corporate diversification, using longitudinal data of Spanish manufacturing companies. Our empirical approach takes into account the censored nature of the dependent variables and the existence of firm-specific...

This survey examines the empirical literature on the relationship between public R&D subsidies and private R&D investment over the past five decades. The survey reveals a considerable heterogeneity of empirical results that cannot be explained fully by methodological issues. We aim to provide...

Currently, only 71% of adults in the global South have real access to financial services, compared to 96% in the developed world. Financial inclusion has been identified as one of the most potent factors lifting people out of poverty and enabling development and well-being. As a result, access...