This study examined the non-linear relationship between financial development and innovation using generalized method 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...

The study here analyzes the relationship among labour, technological innovation and public debt to answer the following research question: How do R&D intensity and spending on human resources affect the employment of countries, also considering the critical macroeconomic indicator of the public...

In times when elevated government debt raises concerns about dimmer global growth prospects, we ask: How can the government provide incentives for innovation in a fiscally sustainable way? We address this question by examining the Ramsey problem of finding optimal tax and subsidy schemes in a...