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This study examined the non-linear relationship between financial development and innovation using generalized method … 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 …
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We study aspects of economic growth in a region that is creative a la Richard Florida. Members of the creative class possess creative capital and they fall into one of two possible groups---they are either artists or engineers. We describe the optimal income redistribution rule that maximizes...
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lower limit of the support of the random variable that describes the outcome of innovation quality improvements, takes the … little innovation, and we conclude by commenting on the implications of our findings for future research on Schumpeterian …
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We provide the first theoretical analysis of the effects of alternate forms of taxation on economic growth in a dynamic model with multiple regions. The regions are heterogeneous but, in each region, consumers have constant relative risk aversion preferences, there is no growth in the stock of...
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We study aspects of economic growth in a region that is creative a la Richard Florida. Members of the creative class possess creative capital and they fall into one of two possible groups---they are either artists or engineers. We describe the optimal income redistribution rule that maximizes...
Persistent link: https://www.econbiz.de/10012940866