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Banks and innovation : microeconometric evidence on Italian firms

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Banks and innovation : microeconometric evidence on Italian firms

Benfratello, Luigi (contributor); … - 2006

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Banks and innovation : microeconometric evidence on Italian firms

Benfratello, Luigi (contributor); … - 2006

In this paper we investigate the effect of local banking development on firms' innovative activities, using a rich data set on innovation for a large number of Italian firms over the 1990's. There is evidence that banking development affects the probability of process innovation, particularly...